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However, when eliminating the context and looking purely at numbers during each president’s four-year term, Trump oversaw a period of relatively low inflation, and Biden’s term so far has ...
Trump: 1.9%. 2017-2021. Inflation was relatively stable during the first years of Trump's presidency, but the 2020 COVID-19 pandemic and resulting recession led to the rampant inflation that we're ...
Between Trump taking office in January 2017 and his departure in January 2021, the U.S. experienced a cumulative inflation rate—meaning the total percentage change in CPI during the period—of ...
Period of presidency Unemployment rate at start of presidency Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican
The years 2014–2016 were during President Obama's second term, while 2017–2019 were during President Trump's first term. Refer to citations on detail page. The following table illustrates some of the key economic variables in the last three years of the Obama Administration (2014–2016) and the first three years of the Trump Administration ...
Despite the challenges of the pandemic, inflation remained low, on average, throughout Trump’s presidency. Joe Biden (2021-24) Average Annual Inflation Rate: 5.7%
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%.
Confidence under Biden has averaged nearly 28 points lower than it was for Trump, while consumer confidence during Biden’s presidency hit a record low in June 2022, when inflation broke a new 40 ...