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(The Center Square) – October brought Arizona’s lowest inflation rate in years with the Phoenix metro area inflation rate being 1.56% year-over-year - a decrease from 2.27% in August ...
Inflation in the city has held beneath 3% since October of last year, falling as low as 2.2% in February — just above the Federal Reserve’s 2% target level for the country as a whole.
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 ...
Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
Average Annual Inflation Rate: 2.8% George W. Bush’s term was characterized by periods of recession — first in 2001, then in 2008 — which kept inflation in check.
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
Inflation rose to a high of 4.7% during Johnson's presidency in 1968 (it reached 6.2% in 1969, but he was only president for the first 20 days of the year, of course).
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