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Wisconsin Watch partners with Gigafact to produce fact briefs — bite-sized fact checks of trending claims. Read our methodology to learn how we check claims.


The Consumer Price Index rose 3.2% in July 2023 compared with a year earlier, according to the latest figures from the U.S. Bureau of Labor Statistics.

The year-over-year increase was 3% in June.

A TV ad for President Joe Biden’s 2024 re-election campaign touts that figure.

The ad is scheduled to air in the battleground states of Wisconsin, Michigan, Georgia, Arizona, Pennsylvania, Nevada and Iowa during the first game of the NFL season on Sept. 7, Axios reported.

Republican presidential candidates criticized Biden for inflation during their first debate, Aug. 23 in Milwaukee.

Inflation trended upward after Biden took office in January 2021 before hitting a peak in June 2022. That month’s 9.1% year-over-year increase was a four-decade high.

This Fact Brief is responsive to conversations such as this one.


U.S. Bureau of Labor Statistics: Consumer Price Index News Release Aug. 10, 2023

U.S. Bureau of Labor Statistics: Consumer Price Index News Release July 12, 2023

Joe Biden: Got to Work 30s

Axios: Biden to air new ad during NFL kickoff

U.S. Bureau of Labor Statistics: 12-month percentage change, Consumer Price Index, selected categories

The Hill: Republican candidates hit Biden on inflation, immigration at debate

PBS: U.S. inflation at 9.1 percent, a record high

U.S. Bureau of Labor Statistics: Consumer Price Index News Release July 13, 2022

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Tom Kertscher joined as a Wisconsin Watch fact checker in January 2023 and contributes to our collaboration with the The Gigafact Project to fight misinformation online. Kertscher is a former longtime newspaper reporter, including at the Milwaukee Journal Sentinel, who has worked as a self-employed journalist since 2019. His gigs include contributing writer for PolitiFact and sports freelancer for The Associated Press.