• Despite the relative decline from the 6.4% inflation charted in January 2023, food and electricity prices have increased 9.5% and 12.9%, respectively, between February 2022 and February 2023.
• Biden said that “annual inflation is down by a third from this summer” in a Tuesday statement from the White House, even though inflation is more than three times higher than the 1.4% level observed when he entered office in January 2021.
• “We will continue to make progress in our fight to build an economy from the bottom up and middle out, not top down,” the commander-in-chief said.

Tagged: Economy