Recent Inflation
During President Trump’s second term, has the rate of inflation been lower, higher, or about the same as the historical average?
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Since 1929, the average annual inflation rate has been 3.2%, while the average rate during Trump’s second term has been 3.3%, or just 0.1 point above average. The Federal Reserve and other central banks consider 2% to be the optimal annual inflation rate because this keeps price increases low while guarding against the risk of deflation, which can be very harmful to economies.
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Talking Down the Economy
In the lead-up to the midterm elections, ABC News is painting a false dismal picture of the U.S. economy.
