ABC Fact-Checks Biden’s Claim that Inflation Was 9% When He Took Office: ‘Inflation Was Actually 1.4%’

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Biden: “It was 9 percent when I came into office, nine percent.”
Reporter (voice-over): “Inflation was actually 1.4 percent when Biden was sworn in peaking at 9.1 percent in June 2022. It has since come down to 3.5 percent, preventing a further drop housing costs. In New York City one survey found rent is rising seven times faster than wages. In California, a condo in West Hollywood just sold for record smashing $24 million. Food costs also playing a role, grocery prices are up 26 percent since 2019, and fast food prices are up 33 percent. Many consumers saying enough is enough.”
UNKNOWN FEMALE: “I don’t mean to be broke. But for an 8 count menu and a lemonade, $14.”
UNKNOWN FEMALE: “I joked that this was fine dining now because I might as well go at a sit-down restaurant and be served if I’m going to pay those type of prices.”
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