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At an August 10 White House press conference, President Joe Biden marked a report that showed that the “economy had 0% inflation in the month of July,” explaining that “while the price of some things …went up last month, the price of other things went down by the same amount.” Though Biden made sure to point out that “people are still hurting,” and that “our work is far from over,” right-wing media figures have taken this chance to suggest that what the report shows is meaningless and accuse Biden of lying, intentionally misleading people, or bragging about bringing down inflation. In reality, while 0.0% inflation in July does not erase inflation in the year leading up to it, it is fair to suggest that this report may reflect a turning point.