Biden: "I'm Doing Everything in My Power to Blunt Putin's Gas Price Hike…”

However, speaking to the AFL-CIO, the largest US federation of labor unions, Biden falsely claimed that inflation is “worse everywhere but here.” The US inflation rate jumped to 8.6% in May, the highest level since 1981. It was far higher than the G7 average of 7.1% and dwarfed the rates in such countries as Japan (2.5%), France (4.8%), Switzerland (2.5%), Israel (4%) and South Korea (4.8%).