Trump Criticizes Biden, Harris on Inflation

This is a U.S. news story, published by CBS News, that relates primarily to Biden news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Biden news

For more Biden news, you can click here:

more Biden news

News about inflation

For more inflation news, you can click here:

more inflation news

CBS News news

For more news from CBS News, you can click here:

more news from CBS News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about

high inflation

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Lower inflation news, inflation news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

worst inflation

CBS News

•

Trump says inflation has cost households $28,000 under Biden and Harris. Is that true?

Summary

Nutrition label

89% Informative

Donald Trump regularly criticizes President Biden and Vice President Kamala Harris for causing "the worst inflation in American history" Inflation peaked at 9.1% in June 2022 , the highest monthly inflation monthly figure in about 40 years , but it has since cooled considerably.

Citing the figure on its own, however, ignores the crucial context that inflation led to income growth, not just price hikes.

According to Gary Burtless , an economist and senior fellow at the Brookings Institution , real disposable personal income per person has been above $49,407 — where it was in December 2020 — for 30 of the 43 months of Mr. Biden 's term so far. "Given that Americans ' actual real incomes have increased over the course of the Biden administration, it's a little hard to see the basis for claiming that 'inflation under Biden has cost the typical U.S. family $ 28,000 ,'" Burtless said..