Biden Claims Inflation Is ‘Worse Everywhere But Here.’ That’s Not Even Close To True.

President Joe Biden falsely claimed in a Tuesday speech for the AFL-CIO that inflation is hitting the rest of the world worse than in the United States.

The Consumer Price Index (CPI) increased 8.6% year-over-year as of May, the U.S. Bureau of Labor Statistics revealed last week. Over the same period, the Producer Price Index (PPI) — which tracks inflation for wholesalers — increased 10.8%.