Donald Trump said Joe Biden had done a "poor job" on the economy. He's done a poor job," Trump said during CNN's head-to-head debate with Biden in Atlanta, Georgia. Surge in inflationA post-pandemic supply crunch and the war in Ukraine helped fuel a surge in US consumer inflation, which hit a multi-decade high in 2022. Because inflation has remained high for a number of years, consumer prices have now risen by around 20 percent since January 2021, when Biden took office, according to the Labor Department's consumer price index (CPI) inflation calculator. In contrast, consumer prices rose by less than six percent during the same timeframe under Trump.

Source: Daily Nation June 28, 2024 02:45 UTC