Inflation is the worst it’s ever been in American history, former President Donald Trump falsely claimed this week at a campaign event, also offering up questionable solutions to the very real issue of Americans’ discontent over their weakened spending power.
In the context of his speech, it’s most likely he was referring to price increases during the Biden Administration, which are at an alarming 19.5% from Dec. 2020 to April 2024, according to CPI, but far short of 50%.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines.
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Dow Crosses 40,000 For First Time In HistoryDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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Source: Forbes - 🏆 394. / 53 Read more »