“It's very misleading when (President Biden) says (inflation) used to be at 9%. This is compounding. It’s not like it went down from 9% to 3%. This is building month after month. The better way to think about it is that it’s 18%, 19% over the last three years.”
PolitiFact says: Inflation compounds and it has risen by about 19% over the last three years. However, Rubio leaves out that wages have increased faster than prices since the pandemic, and also over the past year.