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Trump Just Keeps Winning On Inflation

14 12
monday

The latest inflation data show consumer prices rose an average of less than 0.1 percent in May, a total rebuttal to mainstream media forecasts that President Trump’s economic policies wound cause catastrophic inflation. Instead, the monthly rate of prices increases has fallen by four-fifths in just four months. And there’s more good news ahead for Americans.

No one should be surprised that most “experts” got their predictions so wrong about Trump causing inflation. After all, these are the same people, by and large, who hilariously predicted Biden’s runaway spending wouldn’t cause any inflation. The joke was on them—and the American people, who suffered the fastest rise in prices in four decades.

In January, Biden handed Trump an economy with prices rising about 0.5 percent in a single month, equivalent to 5.7 percent per annum. In May, this annualized rate had fallen to just 1.0 percent, which is half the Federal Reserve’s 2.0 percent target annual rate.

Before Biden was president, inflation averaged a tame 1.8 percent from the end of the........

© Townhall