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Biden has boasted bringing inflation rates down from about 9% earlier in his term to roughly 2.5% currently. While the rate of inflation has slowed, that doesn’t mean prices have decreased.
The latest data, which came out Wednesday after Biden's recent remarks, pegs the current year-over-year inflation rate at 3.4%, a slight downtick from a 3.5% rate in March.
The data gives Harris, via Biden, a clear edge in three categories and Trump an edge in two. You can see how the two compare by clicking on each tab in the charts above. The Biden-Harris economy ...
Biden could have worse problems. Inflation is sticking around because consumers are generally in good shape and willing to spend money. That keeps demand strong and prices taut.
How big of a problem is inflation? According to the most recent polls from Pew Research Center: Very big. ... Average Annual Inflation Rate: 5.7%. While Joe Biden’s presidency isn’t over yet ...
Inflation began surpassing income growth just as Biden took office in 2021 and never stopped until the start of 2023. That held true even though wages rose faster under Biden than during Trump’s ...
The U.S. has seen significantly higher inflation rates since Joe Biden took office: CPI rose by a cumulative 18.49 percent between January 2021 and February 2024.
The same goes for unemployment. When Biden took office, the unemployment rate was 6.3%. It’s now 3.7%, close to a record low. The average unemployment rate of the last 75 years is 5.7%, so Biden ...