What did Donald Trump claim about the economy on 27 Jun 2024?
Donald Trump, Former President of the United States and presumptive Republican presidential nominee ·
He also said he inherited 9 percent inflation. No, he inherited almost no inflation, and it stayed that way for 14 months.
Inflation didn't stay low for 14 months. It hit 4.2 percent in April 2021, three months after Biden took office, the biggest 12-month rise since September 2008.
Twelve-month consumer price inflation reached 4.2% in April 2021, three months after Biden took office, the largest 12-month increase since September 2008 (Bureau of Labor Statistics, CPI release of May 12, 2021).
Claim vs. the record · Economy
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The claim
- Date
- Where
- CNN presidential debate with Joe Biden in Atlanta.
The record
Primary source (agency data)