What did Donald Trump claim about the economy on 24 Feb 2026? "The Biden administration and its allies in Congress gave us…"
Donald Trump, President of the United States ·
The Biden administration and its allies in Congress gave us the worst inflation in the history of our country.
It wasn't the worst ever. Inflation under Biden peaked at 9.1% in June 2022, below the peaks of 14.8% in March 1980 and 19.7% in March 1947.
Inflation under Biden peaked at 9.1% over the 12 months ending June 2022, which BLS called the largest increase since November 1981. BLS data show higher peaks of 14.8% in March 1980 and 19.7% in March 1947 (BLS, Consumer Price Index, July 13, 2022; CPI-U series CUUR0000SA0).
Claim vs. the record · Economy
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The claim
- Date
- Where
- State of the Union address to a joint session of Congress, U.S. Capitol, Washington, D.C.
The record
Primary source (agency data)