WATCH: Desperate Joe Claims Inflation ‘Up Just an Inch, Basically Been Even!’

President Biden baffled millions of Americans during an interview with 60 Minutes over the weekend when he declared inflation is no longer a problem because it’s “basically been even” at a staggering 8.3%.

“The annual inflation rate came in at 8.3 percent, the stock market nose-dived, people are shocked by their grocery bills” said the reporter.

“First of all, let’s put this in perspective…” deflected Biden. “The inflation rate is up just an inch!”

“It’s the highest inflation rate, Mr. President in 40 years,” pushed-back the journalist.

“I got that! Guess where we are?? We’re in a position where it hasn’t spiked in the last several months… It’s basically been even!” claimed the President.

Watch Biden’s comments above.