Current inflation stands at 3.7%, up from the rate of less than 3% seen when President Biden left office. These government figures contradict recent claims from President Trump that consumer prices are trending "way, way down."
Tuesday, October 20, 2026
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White House Warns September CPI Rise of 0.6% May Break Disinflation Trend
US Markets1 day ago
White House economic adviser Kevin Hassett cautioned that consumer price pressures are resurfacing in the United States after a period of relative stability. The September Consumer Price Index rose 0.6% month-over-month and core inflation climbed 0.3%, which Hassett said could represent a temporary spike or a permanent break from the prevailing disinflation trend.
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