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Inflation surged during the pandemic recovery, with supply chains and energy price swings contributing to the increase.
Inflation at the end of President Joe Biden’s term — measured by the year‑over‑year change in the Consumer Price Index for January 2025 — stood at about 3.0 percent , down sharply from its 2022 peak b...
Consumer prices as measured by the ’ Consumer Price Index are lower now than the peak of 2022 but not dramatically lower than the year immediately before ’s return to office; the 12‑month CPI was abou...