As Trump finishes the first year of his second term — having won the presidency on a pledge to " get the prices down " — the picture on inflation is more nuanced than he or his critics acknowledge. Year-over-year inflation is down from January 2025 — but only slightly, from 3.0% to 2.7%.

President Donald Trump tried Tuesday to concoct an alternative reality on the subject of “affordability” – piling lie on top of lie to try to convince Americans that the issue has vanished.

President Trump rightly rates criticism for the falling dollar. President Biden rates an apology as "Bidenflation" was always a myth.

Exclusive: The year-on-year inflation increase equates to an added cost of $2,120 per household, assuming they purchased the same goods and services in 2025 that they bought in 2024. That includes an increase of $123 on electricity bills and $150 on groceries.

Explore "Trumpflation," a term describing inflation concerns during President Trump's first administration; learn about related policies, debt, and effects on markets.

Most Republicans feel Trump has done more than expected, while others have views that are more mixed.

Inflation is stubbornly refusing to be vanquished by presidential edict.

The U.S. economy under Trump's second term faces challenges with high tariffs, slowing job growth, volatile markets, and public discontent with economic policies.