Huh?
The Washington Post points out that Trump’s people gave him a figure that stretches out thge numbers which give actually a projected average…
In other words?
The figure they gave to Trump to try and sell is NOT the REAL figure for the Inflation level right now which is NOT beating anything…
Prices ARE still high and Rising…
Tariffs/Import taxes, Employee Lay-offs and Migrant exporting ain’t making things Better….
.
President Donald Trump says he beat inflation. But several conventional measures of rising prices paint a different picture.
Trump’s inflation estimate is below standard way of measuring prices
Trump’s inflation math works only if price trends stay exactly the same until the end of the year
He reached his estimate of 2.3% inflation by annualizing the data, or estimating what will happen if the trend over the last 7 months continues for the entire year
…
The White House achieved a 2.3 percent estimate of inflation by looking at how much the consumer price index changed between January and August — and assuming that trend will continue through the rest of the year.
But the administration’s way of looking at the data is unusual.
Seven months of data isn’t usually enough to pin down the true direction of inflation, which can be swayed in the short term by one-off events.Applying Trump’s method to other points in the past year shows how far actual annual inflation can stray from an annualized estimate. For example, the 12-month inflation rate in October 2024 was much lower than an annualized estimate based on seven months of data.
…
Why Trump says inflation is falling
The White House has pointed to a surge of factory investment as evidence that its push to bring production back to the United States hasn’t come at an economic cost. The White House also says that the president’s tariffs have yet to create meaningful headwinds for growth.
“Trillions in historic investment commitments to make and hire in America as well as annualized inflation trending at a low and cool 2.3 percent rate prove that the Administration is delivering economic relief for the American people while laying the groundwork for a long-term restoration of American Greatness,” White House spokesman Kush Desai said in a statement.
This explanation underscores the White House’s position that “inflation has been defeated,” as the president told the U.N. General Assembly last month…..
Note…
Trump & Co. KNOW Bad Economies do NOT help the party in office do well on Election Day….
Gee he lied?
Say it ain’t so!
Sadly?
INDEED…