Trump Claims 4.71% Second-Term Inflation Record as Gasoline Holds Near $4
Updated
Updated · The Independent · Aug 10
Trump Claims 4.71% Second-Term Inflation Record as Gasoline Holds Near $4
3 articles · Updated · The Independent · Aug 10
Summary
Trump used a Truth Social infographic to argue his second term will post the lowest four-year cumulative inflation of the past six administrations, even though he is only 18 months into the term.
At that 18-month point, his second term actually ranks fourth-highest on cumulative inflation, while consumer prices rose 3.5% between June 2025 and June 2026.
High energy costs have undercut his pledge to lower everyday prices: disruption tied to the Iran conflict and Strait of Hormuz shipping has kept regular gasoline around $4 a gallon.
The price pressure has hurt public sentiment, with just 24% approving of Trump's handling of the economy in a July Fox News poll and 33% saying they are living comfortably in a recent Marquette survey.