This thread is dedicated to facts about inflation.
Trump’s Second Term (Jan 2025–present): Inflation has been relatively low, with an annualized rate of approximately 1.4%–1.6% through June 2025. In March 2025, the Consumer Price Index (CPI) showed a 0.1% month-over-month decline, the first in nearly five years, with a year-over-year rate of 2.4%. This reflects cooling prices in areas like gasoline (down 10.3% year-over-year) and some goods, though food prices (e.g., meats, poultry, fish) rose 3.1% annually.
Biden’s Term (Jan 2021–Jan 2025): Inflation averaged 4.95% annually, with a cumulative increase of about 19.4%–20.1% over the term. It peaked at 9.1% year-over-year in June 2022, the highest in 40 years, driven by post-COVID supply chain issues, the Russia-Ukraine war, and the $1.9 trillion American Rescue Plan. By August 2024, inflation had cooled to 2.5%, but prices remained elevated compared to pre-Biden levels.
Comparison:Trump’s second term shows significantly lower inflation (1.4%–1.6% annualized) compared to Biden’s average (4.95%).