FACT CHECK: Biden Touts Falling Food Prices; They’re Actually Rising
View Source | January 13, 2023 10:58 am
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- President Joe Biden touted falling food prices Thursday, but the latest federal data shows the price of food is actually on the rise and has been for more than a year.
- The U.S. Bureau of Labor Statistics released new inflation data Thursday that showed the overall consumer price index dropped 0.1%, driven in part by a decrease in energy prices.
- “For the sixth month in a row, yearly inflation is down,” Biden wrote on Twitter after BLS released the data. “It might be rising in economies around the world, but it’s coming down here. And gas prices, food, and more are following. That adds up to a break for families and proof that my plan is working.”
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