Was inflation higher under biden than under trum

Checked on December 12, 2025
Disclaimer: Factually can make mistakes. Please verify important information or breaking news. Learn more.

This fact-check may be outdated. Consider refreshing it to get the most current information.

Executive summary

Inflation peaked at about 9% during 2022 in the Biden presidency and the average year‑over‑year inflation rate under Biden is reported around 4.95%–5% by multiple sources [1] [2]. Since President Trump returned to office in 2025 the headline annual CPI rate has fallen to roughly 3% and several White House and pro‑Trump sources report a Trump‑era average near 2.5–2.7% so far — but independent fact‑checks and news outlets caution that those comparisons can be misleading depending on the months and measures selected [3] [4] [5] [6].

1. What the headline numbers say: Biden’s peak vs. Trump’s early gains

The most-cited contrast in public debate is that inflation hit a peak near 9.1% in 2022 during Biden’s term while by early/mid‑2025 year‑over‑year CPI readings had fallen to about 3% — a large decline from the peak [3] [7]. Administration and campaign materials summarize Biden’s full term as averaging “nearly 5%” inflation, and they portray the early months of Trump’s second term as averaging roughly 2.5–2.7% so far [2] [8] [9]. Investopedia’s compilation similarly lists Biden’s average year‑over‑year inflation at about 4.95% [1].

2. Why those averages can mislead: apples, oranges and timing

Multiple news outlets and fact‑checkers emphasize that simple “average under Biden vs. average under Trump” claims omit crucial timing context. CNN and PolitiFact note that by the time Trump took office the year‑over‑year rate had already fallen to about 3% — so using Biden’s multi‑year peak (9% in a single month) against an early Trump average compresses different phases of the cycle and can mislead [5] [6]. Fact‑checks point out that depending on which months you include — and whether you exclude volatile food and energy components — the story of decline is modest or mixed [6] [10].

3. Different measures tell different stories: headline CPI vs. core and period averages

Economists and outlets distinguish headline CPI (all items) from “core” CPI (excluding food and energy) and from short‑term annualized or multi‑month averages. PolitiFact and WRAL show that core inflation eased modestly from roughly 3.3% in January 2025 to about 3.0% in later readings, a modest decline that some officials trumpet [6] [10]. Other measures — month‑to‑month annualized rates or producer prices — have different trajectories and have been cited selectively by advocates to support either claim [11] [5].

4. Competing narratives and political framing

The White House and allied outlets present a narrative that Biden left behind “nearly 5% average” inflation and that Trump has dramatically reduced it to “about 2.5–2.7%,” framing that as a policy victory [2] [8]. Opponents and independent reporters counter that those summaries omit the fall in inflation that began before the transition, that peak values were short‑lived, and that tariff policies under Trump could create future upward pressure on prices — points raised by CNN, Reuters and fact‑checkers [5] [7] [6].

5. Hidden stakes: selection, tariffs and distributional effects

The choice of which months or averaging windows to present matters politically: using Biden’s long‑term average versus Trump’s short early window will favor one side; using peak‑vs‑current favors another [5]. Several sources flag that tariff policy and sectoral shifts mean headline inflation can hide winners and losers: goods exposed to tariffs have become pricier even as headline inflation fell, and some households continue to feel price pain [7] [12]. The Guardian and Reuters point to research showing tariffs could raise household costs materially [12] [7].

6. What the fact‑checkers conclude: nuanced, not binary

PolitiFact and local fact‑checks rate absolute claims as partial truths: inflation has eased on some measures but not uniformly across all metrics or months; a modest decline in core inflation exists but the most basic year‑over‑year CPI has not fallen dramatically beyond the decline that began before the presidential transition [6] [10]. CNN’s analysis criticizes White House graphics for using peak‑versus‑average comparisons without clarifying the timeline [5].

7. Bottom line for your question — was inflation higher under Biden than under Trump?

Available sources show inflation was substantially higher at its 2022 peak during Biden’s term (about 9%) and Biden’s multi‑year average is reported near 5% [1] [2]. Under Trump in 2025 the headline rate has been nearer 3% and some official tallies give a Trump‑period average around 2.5–2.7% so far — but independent outlets and fact‑checks caution that these comparisons depend heavily on which months and which inflation measure are used and that some favorable claims omit that much of the decline occurred before the presidential change [3] [6] [5]. Available sources do not mention a definitive causal attribution that pins those differences solely on one president’s policies (not found in current reporting).

Want to dive deeper?
What were annual inflation rates under Biden vs Trump by year?
How did the Consumer Price Index change during Trump's presidency compared to Biden's?
What factors drove inflation during Biden's term versus Trump's term?
How do monetary and fiscal policies under Biden and Trump explain differences in inflation?
How does inflation under Biden compare to historical post-war inflation peaks?