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Trump could have fairly said that the year-over-year US inflation rate hit a 40-year high in June 2022, when it was 9.1%. But that was not close to the all-time US record of 23.7%, set in 1920 ...
The current inflation rate is 2.9%, slightly higher than 2.7% in November and a record high of 9.1% in June 2022. ... other news reports said Trump could impose 25% tariffs on Mexico and Canada as ...
News. Shopping. Main Menu. News. News. ... the inflation rate was always under 3% and sometimes under 2% during all four Trump years before ... When adjusted for inflation, Trump’s average is $3 ...
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
Real wage growth turned negative in June 2018, as the inflation rate was higher than nominal wage growth, continuing into July. [229] [230] On September 5, 2018, Trump's top economist Kevin Hassett released new analysis indicating that real wage growth under Trump was higher than previously reported. However, the new analysis also showed that ...
"Blanket 25% tariffs on Canada threatened by U.S. President-elect Donald Trump earlier this week would push Canada into a recession in 2025, cause a sharp spike in inflation and force the Bank of ...
The highest monthly rate during Biden’s presidency was 9.1% in June 2022, compared to a peak of 2.9% under Trump in June and July 2022, according to consumer price index data from the Bureau of ...
The federal government ran deficits under Presidents George W. Bush and Barack Obama, and during Trump's first term, and yet inflation remained under control until 2021.