They had a 21.5%, the cost of living increase in the Biden administration, more for working Americans. That was probably north of 30, a loss of the 3 or 4% in real purchasing power. Inflation was up 2.7% last year. I think it's going to come back down to the Fed's target this year. And we're working every day to bring it down. (02:45–02:48)
CLAIM
Asserts that inflation increased by 2.7% in the previous year.
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