Economy · 2025-01-20
The United States experienced record inflation under Biden
False
Trump described inflation under Biden as “record inflation.”
What the evidence shows
The 12-month CPI inflation rate peaked at 9.1% in June 2022, far below historical peaks including the 23.7% rate measured for June 1919–June 1920. Describing the Biden-era peak as the all-time record is incorrect.
Assessment notes
This record evaluates the literal historical superlative, not whether inflation was a serious economic problem.