20:45•Updated 20:46
President who took office in the United States Donald Trump claimed in his inaugural address that the United States was experiencing “record inflation” under his predecessor Joe Biden during the administration.
News channel CNN noted that while U.S. inflation hit a 40-year high in June 2022 — 9.1 percent — it wasn’t the highest it’s ever been.
It wasn’t even close to the all-time high in 1920, when inflation hit nearly 24 percent, CNN says.
In addition, inflation has already decreased from the June 2022 figures.