EXCERPT:
BIDEN: "It was 9 percent when I came into office, nine percent."
REPORTER (voice-over): "Inflation was actually 1.4 percent when Biden was sworn in peaking at 9.1 percent in June 2022. It has since come down to 3.5 percent, preventing a further drop housing costs. In New York City one survey found rent is rising seven times faster than wages. In California, a condo in West Hollywood just sold for record smashing $24 million. Food costs also playing a role, grocery prices are up 26 percent since 2019, and fast food prices are up 33 percent.”