by John Carney
Breitbart.com
Claim: President Joe Biden claimed on Wednesday that inflation was “skyrocketing” when he took office.
“Look we have dramatically reduced inflation from 9% down to close to 3% we’re in a situation where we’re better situated and we were we took office, where we inflation was skyrocketing,” Biden said Wednesday at a White House press conference.
The president was reacting to the latest report on the consumer price index, which showed inflation rose at an annualized rate of 4.6 percent in March, the fourth consecutive month in which inflation has exceeded expectations.
Verdict: False.