After the latest inflation numbers showed an unnerving rise in prices, President Donald Trump posted on social media, “Biden inflation up!”

Biden left office on January 20, and the latest inflation report was for January. So, in a way, it was the final inflation reading of the Biden administration. Trump deserves a grace period.

On the other hand, Trump did say while campaigning last year, “when I win, I will immediately bring prices down. Starting on day one.” He hasn’t. So Democrats are in his grille, bashing Trump about eggsploding egg prices caused by avian flu and scores of eggsecutive orders Trump has signed having nothing to do with lowering inflation.

It’s silly to argue over who’s responsible for inflation one month after a new president takes office. Trump didn’t cause bird flu any more than Biden did, and any president has far less control over prices than voters like to think.

Inflation is getting worse, not better, and Trump can’t blame Biden forever. If the trend continues, voters will start blaming Trump for inflation, and one lesson of Biden’s presidency is that voters vexed by rising prices can be unforgiving.

The inflation rate dropped from a high of 9% in 2022 to 2.4% last September. It looked like the problem was nearly solved, and the Federal Reserve started cutting short-term interest rates as a sign it expected inflation to settle back near its target of 2% or so.

Source: FINANCE.YAHOO

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