Jim Jordan: "record inflation"

A checked claim

record inflation

Jim Jordan · A speech on the House floor nominating Kevin McCarthy for speaker · January 2023

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The checks

Each in the checker's own words. This site does not restate another organization's finding in its own voice.

FactChecking the House Speaker Election

FactCheck.org · no rating scale · January 5, 2023 · read the check

Our check against the record

Does not match the record

Checked against Change in consumer prices from the year before (U.S. Bureau of Labor Statistics CPI-U, series CUUR0000SA0, annual averages): 4.7 percent in 2021 and 8.0 percent in 2022, against 13.5 percent in 1980, 14.4 in 1947 and 18.0 in 1918.

The record: Consumer Price Index for All Urban Consumers (CPI-U), series CUUR0000SA0

Change in consumer prices from the year before, United StatesChange in consumer prices from the year before, United States ran from 1.0% in 1914 to 2.6% in 2025, between -10.5% and 18.0% across the series; the date of the claim, 2023-01-05, is marked.Source: U.S. Bureau of Labor Statistics: Consumer Price Index for All Urban Consumers (CPI-U), series CUUR0000SA0 (U.S. city average, all items, not seasonally adjusted) · as of 2026-10-15 · Download this chart

The numbers behind this figure, as a table

Change in consumer prices from the year before, United States
Series	When	percent
Change in consumer prices from the year before, United States	1914	1
Change in consumer prices from the year before, United States	1915	1
Change in consumer prices from the year before, United States	1916	7.9
Change in consumer prices from the year before, United States	1917	17.4
Change in consumer prices from the year before, United States	1918	18
Change in consumer prices from the year before, United States	1919	14.6
Change in consumer prices from the year before, United States	1920	15.6
Change in consumer prices from the year before, United States	1921	-10.5
Change in consumer prices from the year before, United States	1922	-6.1
Change in consumer prices from the year before, United States	1923	1.8
Change in consumer prices from the year before, United States	1924	0
Change in consumer prices from the year before, United States	1925	2.3
Change in consumer prices from the year before, United States	1926	1.1
Change in consumer prices from the year before, United States	1927	-1.7
Change in consumer prices from the year before, United States	1928	-1.7
Change in consumer prices from the year before, United States	1929	0
Change in consumer prices from the year before, United States	1930	-2.3
Change in consumer prices from the year before, United States	1931	-9
Change in consumer prices from the year before, United States	1932	-9.9
Change in consumer prices from the year before, United States	1933	-5.1
Change in consumer prices from the year before, United States	1934	3.1
Change in consumer prices from the year before, United States	1935	2.2
Change in consumer prices from the year before, United States	1936	1.5
Change in consumer prices from the year before, United States	1937	3.6
Change in consumer prices from the year before, United States	1938	-2.1
Change in consumer prices from the year before, United States	1939	-1.4
Change in consumer prices from the year before, United States	1940	0.7
Change in consumer prices from the year before, United States	1941	5
Change in consumer prices from the year before, United States	1942	10.9
Change in consumer prices from the year before, United States	1943	6.1
Change in consumer prices from the year before, United States	1944	1.7
Change in consumer prices from the year before, United States	1945	2.3
Change in consumer prices from the year before, United States	1946	8.3
Change in consumer prices from the year before, United States	1947	14.4
Change in consumer prices from the year before, United States	1948	8.1
Change in consumer prices from the year before, United States	1949	-1.2
Change in consumer prices from the year before, United States	1950	1.3
Change in consumer prices from the year before, United States	1951	7.9
Change in consumer prices from the year before, United States	1952	1.9
Change in consumer prices from the year before, United States	1953	0.8
Change in consumer prices from the year before, United States	1954	0.7
Change in consumer prices from the year before, United States	1955	-0.4
Change in consumer prices from the year before, United States	1956	1.5
Change in consumer prices from the year before, United States	1957	3.3
Change in consumer prices from the year before, United States	1958	2.8
Change in consumer prices from the year before, United States	1959	0.7
Change in consumer prices from the year before, United States	1960	1.7
Change in consumer prices from the year before, United States	1961	1
Change in consumer prices from the year before, United States	1962	1
Change in consumer prices from the year before, United States	1963	1.3
Change in consumer prices from the year before, United States	1964	1.3
Change in consumer prices from the year before, United States	1965	1.6
Change in consumer prices from the year before, United States	1966	2.9
Change in consumer prices from the year before, United States	1967	3.1
Change in consumer prices from the year before, United States	1968	4.2
Change in consumer prices from the year before, United States	1969	5.5
Change in consumer prices from the year before, United States	1970	5.7
Change in consumer prices from the year before, United States	1971	4.4
Change in consumer prices from the year before, United States	1972	3.2
Change in consumer prices from the year before, United States	1973	6.2
Change in consumer prices from the year before, United States	1974	11
Change in consumer prices from the year before, United States	1975	9.1
Change in consumer prices from the year before, United States	1976	5.8
Change in consumer prices from the year before, United States	1977	6.5
Change in consumer prices from the year before, United States	1978	7.6
Change in consumer prices from the year before, United States	1979	11.3
Change in consumer prices from the year before, United States	1980	13.5
Change in consumer prices from the year before, United States	1981	10.3
Change in consumer prices from the year before, United States	1982	6.2
Change in consumer prices from the year before, United States	1983	3.2
Change in consumer prices from the year before, United States	1984	4.3
Change in consumer prices from the year before, United States	1985	3.6
Change in consumer prices from the year before, United States	1986	1.9
Change in consumer prices from the year before, United States	1987	3.6
Change in consumer prices from the year before, United States	1988	4.1
Change in consumer prices from the year before, United States	1989	4.8
Change in consumer prices from the year before, United States	1990	5.4
Change in consumer prices from the year before, United States	1991	4.2
Change in consumer prices from the year before, United States	1992	3
Change in consumer prices from the year before, United States	1993	3
Change in consumer prices from the year before, United States	1994	2.6
Change in consumer prices from the year before, United States	1995	2.8
Change in consumer prices from the year before, United States	1996	3
Change in consumer prices from the year before, United States	1997	2.3
Change in consumer prices from the year before, United States	1998	1.6
Change in consumer prices from the year before, United States	1999	2.2
Change in consumer prices from the year before, United States	2000	3.4
Change in consumer prices from the year before, United States	2001	2.8
Change in consumer prices from the year before, United States	2002	1.6
Change in consumer prices from the year before, United States	2003	2.3
Change in consumer prices from the year before, United States	2004	2.7
Change in consumer prices from the year before, United States	2005	3.4
Change in consumer prices from the year before, United States	2006	3.2
Change in consumer prices from the year before, United States	2007	2.8
Change in consumer prices from the year before, United States	2008	3.8
Change in consumer prices from the year before, United States	2009	-0.4
Change in consumer prices from the year before, United States	2010	1.6
Change in consumer prices from the year before, United States	2011	3.2
Change in consumer prices from the year before, United States	2012	2.1
Change in consumer prices from the year before, United States	2013	1.5
Change in consumer prices from the year before, United States	2014	1.6
Change in consumer prices from the year before, United States	2015	0.1
Change in consumer prices from the year before, United States	2016	1.3
Change in consumer prices from the year before, United States	2017	2.1
Change in consumer prices from the year before, United States	2018	2.4
Change in consumer prices from the year before, United States	2019	1.8
Change in consumer prices from the year before, United States	2020	1.2
Change in consumer prices from the year before, United States	2021	4.7
Change in consumer prices from the year before, United States	2022	8
Change in consumer prices from the year before, United States	2023	4.1
Change in consumer prices from the year before, United States	2024	2.9
Change in consumer prices from the year before, United States	2025	2.6

Context

Jordan was describing the previous two years under Democratic control of Congress and the White House.

Topics: Economy, Inflation.

Other claims by Jim Jordan

And then three months later, shazam, they get 9 million bucks from Dr. Fauci. Well, isn’t that something.

A hearing of the House Select Subcommittee on the Coronavirus Pandemic · March 8, 2023 · FactCheck.org
the idea that the FBI was paying Twitter $3.4 million to help them suppress information

An interview on NBC's "Meet the Press" · January 29, 2023 · FactCheck.org
I got a list of 20 jurisdictions that defunded the police to the tune of over $1 billion total.

An interview on NBC's "Meet the Press" · January 29, 2023 · PolitiFact: Mostly False
Bare shelves Biden.

A post on Twitter sharing a Fox Business article on the infant formula shortage · May 2022 · FactCheck.org
Where’s Fauci? Strange how he disappeared just in time for the State of the Union!

A post on Twitter · March 2, 2022 · FactCheck.org
The Jan. 6 committee has altered evidence and lied to the American people about that information.

An interview on Fox News's "The Ingraham Angle" · January 3, 2022 · FactCheck.org
Why were the Democrats so concerned about the optics?

A House Republican news conference · July 27, 2021 · FactCheck.org

Every claim filed under Jim Jordan

Sources

FactChecking the House Speaker Election · FactCheck.org · 2023-01-05 · accessed 2026-09-25
Consumer Price Index for All Urban Consumers (CPI-U), series CUUR0000SA0 · U.S. Bureau of Labor Statistics · accessed 2026-10-15

Cite and data

Cite this page as:

Cracked Buckeye, "Jim Jordan: "record inflation"", https://crackedbuckeye.com/claims/2023-01-05-jim-jordan-democrats-record-inflation-two-years/, built 2026-11-02, accessed [date].

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