What did Donald Trump claim about the economy on 9 Mar 2024? "But the fact is, under Biden, we have a three-year…"
Donald Trump, Former President of the United States and Republican presidential candidate ·
But the fact is, under Biden, we have a three-year inflation rate of almost 50%.
Nowhere near 50 percent. By the government's own inflation calculator, prices rose about 18 percent from January 2021 to January 2024.
By the Bureau of Labor Statistics CPI Inflation Calculator, $100.00 in January 2021 had the same buying power as $117.90 in January 2024, the latest month published before the rally (Bureau of Labor Statistics).
Claim vs. the record · Economy
Added · Updated
The claim
- Date
- Where
- Campaign rally in Rome, Georgia.
The record
Primary source (agency data)