- Joe Biden on Wednesday repeatedly claimed the U.S. saw “zero inflation” last month – despite it actually remaining high at 8.5% following a 40-year-high spike in June.
- The President told a press conference he reached the figure because the price of some products went up while the cost of others went down by the same amount.
- The 79-year-old suggested it meant there was “zero percent inflation in the month of July'” but admitted many Americans were “still hurting” grom the crippling cost of living crisis.