The inflation rate under Biden is 50 percent.
Well, the monthly inflation headlines often refer to the year-over-year inflation rate, as measured by the changes in the consumer price index. It also reached a high of 9 percent during Biden’s presidency, mainly because of supply chain issues that surfaced after the pandemic.
Annualized inflation has dropped since then. The figure in February was 3.2 percent. Cumulative inflation also measures the total increase in the price of goods and services over a specific amount of time.
But naturally, Trump almost triples these numbers. And since he took office, Biden’s cumulative inflation has been 18.5 percent. More than that, Trump was totally wrong when he said there wasn’t any inflation while he was president. He wished! Cumulative inflation during Trump’s presidency nearly reached 8 percent.
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