“U.S. inflation is "now down close to 3%, the lowest among the world’s leading economies.”
What PolitiFact found
Starting in July 2023, the U.S. passed Canada for the lowest inflation rate among the G-7 countries. In a larger grouping of 30-plus large economies, the U.S. has one of the lowest inflation rates, but not the lowest.
Their words, from the summary they publish with the rating.
In short
Joe Biden (president) made this claim around 29 August 2023. PolitiFact (United States) looked into it and published its finding on 1 September 2023, 3 days later. Its rating was “Mostly True”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
Where the claim appeared
- whitehouse.govhttps://www.whitehouse.gov/briefing-room/speeches-remarks/2023/08/29/remarks-by-president…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.