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At this same point in Joe Biden’s presidency in July 2021, the CPI was 5.4 percent on its way to a maximum 9.1 percent in June 2022. This week under President Donald Trump, it rose 2.7 percent in July compared to the same month last year and rose 0.2 percent from June. (KeremYucel – iStock / Getty Images)
August 13, 2025 at 6:06pm
President Donald Trump took a victory lap Tuesday when inflation numbers came in cooler than expected. It was a sharp contrast to President Joe Biden’s term in office.
The Bureau of Labor Statistics reported that the consumer price index rose 2.7 percent in July compared to the same month last year and rose 0.2 percent from June.
That compares to a 2.8 percent increase predicted by Wall Street, according to CNBC.
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