Former President Donald Trump claimed in Tuesday’s debate with Vice President Kamala Harris that there was virtually no inflation during his administration.
“I had no inflation, virtually no inflation,” Trump said.
Facts First: This is false. Cumulative inflation over the course of Trump’s presidency was about 7.8%.
Inflation was low at the end of Trump’s term, having plummeted during the Covid-19 pandemic. The year-over-year inflation rate was about 1.4% in January 2021, the month Trump left office.
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