"Do I take any blame for inflation? No," Biden told reporters.
"Why not?" Biden was asked in return.
"Because it was already there when I got here, man. Remember what the economy was like when I got here? Jobs were hemorrhaging. Inflation was rising. We weren't manufacturing a damn thing here. We were in real economic difficulty. That's why I don't."
Biden has repeatedly blamed the nation's current economic struggles on what he "inherited" from the previous administration, even thoughthe U.S. Bureau of Labor Statistics' Consumer Price Index (CPI), a common metric used to measure inflation, has risen to record highs under Biden.
When Biden took office in January 2021, the annualized CPI was at 1.4% but got as high as 9.1% in June of last year -- a record high -- before coming back down. The CPI sits at 6.5% as of December.
This is the same thing Trump does and every president has done in a long time, it's no different.
Link: https://www.cnn.com/2024/05/14/politics/fact-check-biden-inflation-when-he-became-president