Biden Touts Lower-Than-Expected Inflation Numbers, Says It Proves Policies Are Working

U.S. President Joe Biden (R) speaks on the release of Olympian and WNBA player Brittney Griner from Russian custody, at the White House in Washington on Dec. 8, 2022. Chip Somodevilla/Getty Images

President Joe Biden says that U.S. inflation rates are falling and that prices would return to normal at the end of next year.

Inflation has been skyrocketing since mid-2021, which experts attribute to trillions of dollars in government stimulus spending, a supply chain crisis, and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion of Ukraine, and higher energy prices.