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With Americans telling pollsters that they’re weary of inflation, Sen. Marco Rubio, R-Fla., accused President Joe Biden of misleading voters about how much rising prices have eased.
“It’s very misleading when (Biden) says (inflation) used to be at 9%,” Rubio told Fox News’ Harris Faulkner April 11. “This is compounding. It’s not like it went down from 9% to 3%. This is building month after month. The better way to think about it is that it’s 18%, 19% over the last three years.”
Inflation has improved significantly on Biden’s watch. In summer 2022, inflation peaked at about 9% compared with one year earlier. But since June 2023, year-over-year inflation has run between 3% and 3.7%. That’s a marked improvement, even though it’s not quite down to the 2% level the Federal Reserve Board wants to see before i …
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