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Gas peaked at over $5 for the first time ever in June 2022. When adjusted for inflation, Trump’s average is $3.18 in 2024 dollars, 21% less than Biden’s inflation-adjusted price of $3.86.
Under Trump, the U.S. economy expanded by approximately 2.6% annually in his first three years. However, in 2020, the economy contracted by 2.2% due to the pandemic.
In January 2021—the final month of Donald Trump’s presidency—the U.S. Consumer Price Index (CPI) rose by a 1.4 percent annualized rate, compared to 3.2 percent in February 2024 under the ...
The United States Consumer Price Index ( CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used indices are the CPI-U and the CPI-W, though many alternative versions exist for different uses. For example, the CPI-U is the most popularly cited measure of ...
Kamala Harris is set to unveil her economic policy today including a ban on price gouging on groceries, plans to build three million new homes and the slashing of prescription drug costs.. In her ...
Through Biden’s presidency so far, gas prices have averaged $3.61. That’s 40% higher than gas prices during Trump’s entire term and 35% higher if you exclude the COVID period. Even adjusting ...
Under a Trump presidency, peak inflation would be 0.6 percentage points higher than the current 3.3%, according to Oxford Economics’ analysis. That means inflation would reach 3.8%.
A study published in fall 2019 in the Journal of Economic Perspectives found that by December 2018, Trump's tariffs resulted in a reduction in aggregate U.S. real income of $1.4 billion per month in deadweight losses, and cost U.S. consumers an additional $3.2 billion per month in added tax. [ 24]