How Trump's Approval Rating on Inflation Stands As He Shares Positive Chart
Summary
President Donald Trump shared a chart showing inflation rates during recent presidencies, highlighting his inflation rate at 18 months into his second term as lower than some predecessors. Despite this, many voters remain unhappy with rising prices, and polls show skepticism about his ability to control inflation.Key Facts
- Trump posted a video comparing cumulative inflation over 48 months for the last 10 presidents.
- At 18 months into his second term, Trump’s inflation rate was 4.71%, ranking fourth among presidents shown.
- The chart used the Consumer Price Index for All Urban Consumers (CPI-U) to measure inflation.
- Inflation under President Joe Biden was highest, around 12.5%, influenced by pandemic supply issues and economic factors.
- Some economists say the chart is misleading because it only shows Trump’s inflation at 18 months, while it shows longer periods for others.
- Inflation slowed to 3.5% in June 2024, but it is still above the Federal Reserve’s 2% target.
- Polls show inflation and cost of living are the top concerns for American voters.
- Only 25% of voters think Trump is handling inflation well, while 69% disagree with his efforts.
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