Based on that graph, and the fact it states ‘cumulative’, then Trump this term has also raised prices. Sure, it the amount may be smaller than Biden’s increase, but Trump’s just build on Biden’s.
So if that premise holds true, Trump has nothing to brag about. Economically, I’m not convinced there’s a lot to be proud about this term.
RE: Sure, it the amount may be smaller than Biden’s increase, but Trump’s just build on Biden’s.
It depends on the baseline by which you measure price increases against. I’m trying to understand the chart, how is for example, electricity at +10% under 18 months of Trump determined? Was it based on what the price was was BEFORE Biden was elected? AFTER? What year are we measuring it against?
If electricity in 2020, the price was $X per KWH and Biden’s administration spiked it to 38% above $X, then along came Trump, and it came down to only 10% above $X, then that’s an improvement. Sure, it still leaves much to be desired, but the trend is down. Perhaps more time us needed for the downward trend to continue. You don’t undo ALL 4 years of forced green energy on the economy ( including the cancellation of the Keystone pipeline) in just 18 months.
If people use this to say that Trump hasn’t improved things, think about where we’d be today with a President Kamala Harris.