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Conversely, the average price per gallon during Biden’s presidency so far is $3.61 — 40% more than even Trump’s higher average. Gas peaked at over $5 for the first time ever in June 2022.
Conversely, the average YOY inflation rate during Joe Biden’s presidency has been the third-highest for any president since Eisenhower, at 5.2% compared to Trump’s average YOY of 1.9%.
📈 Key takeaways on Trump and Biden’s economic records. Inflation: Prices have risen 19.3% since Biden took office, almost four times faster than the 5% increase three years and five months ...
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden, who took office in January 2021, being net negative starting in October of that year. [157]
Inflation was 2.9% as of July, the lowest it has been since 2021. For comparison, let’s see what inflation has looked like under every president since Dwight D. Eisenhower. Dwight D. Eisenhower ...
Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration ...
Under a Trump presidency, peak inflation would be 0.6 percentage points higher than the current 3.3%, according to Oxford Economics’ analysis. That means inflation would reach 3.8%.
Inflation has proven surprisingly resilient during President Biden's term, even as the Fed has aggressively raised interest rates to their highest levels in 40 years to contain it. While CPI rates...