There isn’t a drop in raising near enough to get back even close to Trump year levels that are far below all of it.
• U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from
2018.
• U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from
2019.
• U.S. inflation rate for 2021 was 4.70%, a 3.46% increase
from 2020.
• U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from
2021.
Inflation as measured by the Consumer Price Index rose 0.3 percent in December, and by 3.4 percent in 2023 (from Dec. ’22 to Dec. ’23. Compared to December 2022 CPI inflation, CPI inflation fell by 3.1 percentage points, from 6.5 percent in December 2022 to 3.4 in December 2023. Core inflation, which leaves out volatile food and energy prices, came in at 3.9 percent this year, down 1.8 points from its 12-month Dec 2022 rate of 5.7 percent.
This means that inflation dropped in increase in 2021 and 2022. But it is still going up.
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