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President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation ...
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.
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Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a ...
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.
Inflation tends to be a primary concern of American voters and consumers, as inflation rates can make are what cause prices on retail items, vehicles, groceries, gas and more to rise or fall.
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The government is set to release new data on the Consumer Price Index on Wednesday, potentially hurting Biden's approval rating if it shows inflation is still creeping up. Inflation hit 9.1 in the ...