Donald Trump recently claimed that inflation in the United States is “totally neutralized,” though this assertion is contradicted by official economic data. He has also frequently referred to the recent inflation surge as one of the worst in U.S. history, for which he blames his predecessor, President Joe Biden.
Let’s examine the details:
Trump’s Remarks: During a December 15, 2025 statement, and in other previous pronouncements from late 2025, Trump claimed that inflation was “totally neutralized” and “almost nonexistent.” He has also contended that the prices of everyday necessities, like food and fuel, have fallen. However, these assertions have been widely refuted by fact-checkers.
Economic Snapshot: Available data up to September 2025 indicates that the year-over-year inflation rate was at 3%. This exceeds the Federal Reserve’s target of 2%, meaning that prices are still on the rise, rather than stabilizing or becoming “neutralized.”
Historical Context: Trump has often characterized the recent inflation as “the highest inflation rate in the history of our country.” Although inflation did hit a 40-year peak of 9.1% under President Biden in June 2022, the all-time high in U.S. history was a staggering 23.7% in 1920.Expert Opinions: Economists and financial analysts tend to believe that Trump’s proposed policies, such as imposing significant tariffs, could function as trade barriers. Such restrictions could potentially raise costs for both consumers and businesses, possibly worsening, rather than easing, the inflationary pressures.
Watch him talking on this:
