{"id":1714657,"date":"2022-10-28T08:28:22","date_gmt":"2022-10-28T12:28:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1714657"},"modified":"2022-10-28T08:33:53","modified_gmt":"2022-10-28T12:33:53","slug":"biden-says-u-s-isnt-experiencing-record-inflation-anymore-amid-record-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-u-s-isnt-experiencing-record-inflation-anymore-amid-record-inflation\/","title":{"rendered":"Biden Says U.S. &#8220;Isn&#8217;t Experiencing Record Inflation Anymore&#8221; Amid Record Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-says-u-s-isnt-experiencing-record-inflation-anymore-amid-record-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1714657&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Biden says the price of gas was &#8216;over five dollars&#8217; when he took office, data shows it was $2.39.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>President Biden said on Thursday that America isn&#8217;t experiencing &#8220;<a href=\"https:\/\/www.foxbusiness.com\/category\/inflation\" target=\"_blank\" rel=\"noopener\">record inflation anymore<\/a>&#8221; amid an annualized 8.2% spike in prices.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/category\/person\/joe-biden\" target=\"_blank\" rel=\"noopener\">Biden made<\/a> the comments during an interview with NewsNation on Thursday night.<\/p>\n<p>&#8220;You&#8217;ve referred to the midterm election as a choice, rather than a referendum. Given record inflation, why should voters chose Democrats?,&#8221; Biden was asked.<\/p>\n<p>&#8220;Because it&#8217;s not record inflation anymore. I&#8217;m bringing it down. Look what we inherited. I inherited 6.5% unemployment, it&#8217;s down to 3.5%. We lost hundreds of thousands of manufacturing jobs. We&#8217;ve created over 700,000 manufacturing jobs. Things are moving,&#8221; Biden said. &#8220;As that [GDP] report showed, you have people who are now in a position where the combination of pay raises and job security, they&#8217;re now better off, even with inflation than they were before it.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-says-the-price-gas-over-five-dollars-when-office-data-shows\" target=\"_blank\" rel=\"noopener\"><strong>BIDEN SAYS THE PRICE OF GAS WAS &#8216;OVER FIVE DOLLARS&#8217; WHEN HE TOOK OFFICE, DATA SHOWS IT WAS $2.39<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/10\/931\/523\/GettyImages-1431453613.jpg?ve=1&#038;tl=1\" alt=\"A photo of Joe Biden at a podium\" \/><\/div>\n<div class=\"caption\">\n<p><span>U.S. President Joe Biden delivers remarks about the economy after touring Volvo Group Powertrain on Oct. 7, 2022, in Hagerstown, Maryland.<\/span><span> (Chip Somodevilla\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>When Biden took office in January 2021, the consumer price index, which measures prices of everyday items such as gasoline, groceries and rents, was climbing at a 1.4% annualized basis.<\/p>\n<p>In September, prices climbed by 8.2% on an annual basis.<\/p>\n<p>When compared to last year, core prices, which exclude food and energy, rose at by 6.6%, the fastest rate since 1982.<\/p>\n<p>September&#8217;s consumer price index figures also show an increase of 0.4% in everyday goods, including groceries, rent and gasoline when compared to the previous month.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/biden-says-inflation-go-up-republicans-take-control-congress\" target=\"_blank\" rel=\"noopener\"><strong><u>BIDEN SAYS INFLATION &#8216;WILL GO UP&#8217; IF REPUBLICANS TAKE CONTROL OF CONGRESS<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/10\/931\/523\/Untitled-design-244.png?ve=1&#038;tl=1\" alt=\"President Biden\" \/><\/div>\n<div class=\"caption\">\n<p><span>U.S. President Joe Biden speaks to members of the press prior to his Marine One departure from the White House on Oct. 27, 2022, in Washington, DC.<\/span><span> (Photo by Anna Moneymaker\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>During a speech on Thursday, Biden also claimed that the price of gasoline was &#8220;over five dollars&#8221; when he took office, despite the actual average price of regular gasoline being $2.39.<\/p>\n<p>&#8220;The most common price of gas in America is $3.39, down from over five dollars when I took office,&#8221; Biden said. &#8220;We need to keep making that progress by having energy companies bring down the cost of a gallon of gas that reflects the cost of paying for a barrel of oil.&#8221;<\/p>\n<p>The national <a href=\"https:\/\/www.foxbusiness.com\/economy\" target=\"_blank\" rel=\"noopener\">average price<\/a> for a gallon of regular gasoline in the week ending Jan. 25, 2021, after Biden took office, was $2.39, according to data from the Energy Information Administration.<\/p>\n<p><a href=\"http:\/\/foxbusiness.com\/\" target=\"_blank\" rel=\"noopener\"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/09\/931\/523\/BIDEN-TODAY-.jpg?ve=1&#038;tl=1\" alt=\"President Biden speech\" \/><\/div>\n<div class=\"caption\">\n<p><span>U.S. President Joe Biden addresses the 76th Session of the U.N. General Assembly on September 21, 2021 at U.N. headquarters in New York City.<\/span><span> (Timothy A. Clary-Pool\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The national average price for a gallon of regular gasoline didn&#8217;t hit $5 until June 2022, well over a year after Biden took office.<\/p>\n<p><i>FOX Business&#8217; Megan Henney contributed to this report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden says the price of gas was &#8216;over five dollars&#8217; when he took office, data shows it was $2.39. President Biden said on Thursday that America isn&#8217;t<\/p>\n","protected":false},"author":1,"featured_media":1714660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1714657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1714657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1714657"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1714657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1714660"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1714657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1714657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1714657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}