Biden Says Economy Will ‘Continue To Make Progress’

  • 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.
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