Is Joe Biden just lying? 🤨
Recently, the current President of the United States, Joe Biden, posted a tweet on X stating that inflation in November was 0%. He was immediately called out by the community notes because this statement was simply not true.
Most likely, Joe Biden (or someone managing his social media account) was trying to replace the concept of zero inflation growth with the fact that there was no inflation.
It is also a common misconception that if inflation is falling, then prices must also be falling, but this is not true at all, a falling inflation rate only means that prices for goods and services will rise, but at a slower rate 📈