President Joe Biden and other White House officials on Wednesday said a recent report shows the economy had “zero percent” inflation in July although the Consumer Price Index showed it remained near historic highs of 8.5 percent year-over-year.
“Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero,” Biden said, adding, “Today, we received news that our economy had zero percent inflation in the month of July.”
