April 21, 2026

Trump Claims Credit for Lower Inflation During Biden's Presidency

In a recent CNBC interview, Donald Trump falsely claimed inflation was down to 5% when he took office, contradicting the actual rate of 3%.
Inflation increased from 2.6% in October 2024 to 2.9% in December 2024, showing no decline after his election win.
Trump's assertion that prices began falling after his election is also incorrect, as inflation rates rose during that period.