10 hours ago
Fact-check: Trump touts 1.7% inflation
From Tiana Lowe Doescher
1.7% inflation? Technically true!
Although the inflationary crisis that began under former President Joe Biden’s presidency was not the worst in the nation’s history, it was indeed the worst in nearly half a century, peaking near the double digits. And during his first State of the Union of his second term in the White House, Trump took a victory lap over his handling of the price instability he inherited from his predecessor.
Trump was wrong when he said that core inflation is down to its lowest level in over five years, but he was only off by two months. January’s 2.5% core consumer price index inflation was the lowest print since March 2021, the same month Biden approved nearly $2 trillion of inflationary spending with his ironically named “American Rescue Plan.”
Trump also boasted that inflation averaged 1.7% in the final quarter of 2025. Technically, this is true: three-month annualized core CPI inflation as of December 2025 indeed fell to 1.7%. But the bigger picture matters more and illustrates the president’s progress more accurately. In total, core CPI inflation has fallen from 3.3% to 2.5% since Trump’s second inauguration, a total decline of more than 24%.
