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Purchasing Power of the Dollar under every president, month by month

At month 21 in office, Trump II is at −5.1% since taking office: #5 of 10 administrations (average −7.0%). Official Bureau of Labor Statistics (BLS) data.

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-30.9%-16.0%-1.2%Month 1Month 13Month 25Month 37Month 48Nixon, month 1: 0.0%Nixon, month 4: -1.7%Nixon, month 7: -3.0%Nixon, month 10: -4.3%Nixon, month 13: -5.8%Nixon, month 16: -7.3%Nixon, month 19: -8.2%Nixon, month 22: -9.4%Nixon, month 25: -10.5%Nixon, month 28: -11.0%Nixon, month 31: -12.1%Nixon, month 34: -12.7%Nixon, month 37: -13.3%Nixon, month 40: -14.0%Nixon, month 43: -14.6%Nixon, month 46: -15.4%Nixon, month 48: -16.0%NixonCarter, month 1: 0.0%Carter, month 4: -2.2%Carter, month 7: -3.5%Carter, month 10: -4.7%Carter, month 13: -6.4%Carter, month 16: -8.1%Carter, month 19: -10.4%Carter, month 22: -12.5%Carter, month 25: -14.3%Carter, month 28: -16.9%Carter, month 31: -19.6%Carter, month 34: -22.0%Carter, month 37: -24.7%Carter, month 40: -27.4%Carter, month 43: -28.9%Carter, month 46: -30.7%Carter, month 48: -32.1%CarterReagan, month 1: 0.0%Reagan, month 4: -2.1%Reagan, month 7: -4.7%Reagan, month 10: -6.6%Reagan, month 13: -7.6%Reagan, month 16: -8.2%Reagan, month 19: -10.6%Reagan, month 22: -11.1%Reagan, month 25: -10.9%Reagan, month 28: -11.7%Reagan, month 31: -12.6%Reagan, month 34: -13.5%Reagan, month 37: -14.6%Reagan, month 40: -15.6%Reagan, month 43: -16.2%Reagan, month 46: -17.0%Reagan, month 48: -17.3%ReaganBush 41, month 1: 0.0%Bush 41, month 4: -1.6%Bush 41, month 7: -2.7%Bush 41, month 10: -3.4%Bush 41, month 13: -5.0%Bush 41, month 16: -6.0%Bush 41, month 19: -7.1%Bush 41, month 22: -9.2%Bush 41, month 25: -10.0%Bush 41, month 28: -10.3%Bush 41, month 31: -11.0%Bush 41, month 34: -11.7%Bush 41, month 37: -12.4%Bush 41, month 40: -13.1%Bush 41, month 43: -13.7%Bush 41, month 46: -14.5%Bush 41, month 48: -14.8%Bush 41Clinton, month 1: 0.0%Clinton, month 4: -0.7%Clinton, month 7: -1.2%Clinton, month 10: -1.9%Clinton, month 13: -2.4%Clinton, month 16: -3.0%Clinton, month 19: -3.8%Clinton, month 22: -4.4%Clinton, month 25: -5.1%Clinton, month 28: -5.9%Clinton, month 31: -6.4%Clinton, month 34: -7.0%Clinton, month 37: -7.7%Clinton, month 40: -8.5%Clinton, month 43: -9.0%Clinton, month 46: -9.7%Clinton, month 48: -10.2%ClintonBush 43, month 1: 0.0%Bush 43, month 4: -0.4%Bush 43, month 7: -1.0%Bush 43, month 10: -1.1%Bush 43, month 13: -1.2%Bush 43, month 16: -2.1%Bush 43, month 19: -2.5%Bush 43, month 22: -3.1%Bush 43, month 25: -3.8%Bush 43, month 28: -4.1%Bush 43, month 31: -4.4%Bush 43, month 34: -5.0%Bush 43, month 37: -5.8%Bush 43, month 40: -6.3%Bush 43, month 43: -7.1%Bush 43, month 46: -8.0%Bush 43, month 48: -8.4%Bush 43Obama, month 1: 0.0%Obama, month 4: -0.4%Obama, month 7: -1.2%Obama, month 10: -2.1%Obama, month 13: -2.6%Obama, month 16: -2.5%Obama, month 19: -2.6%Obama, month 22: -3.2%Obama, month 25: -4.2%Obama, month 28: -5.4%Obama, month 31: -5.9%Obama, month 34: -6.5%Obama, month 37: -6.9%Obama, month 40: -7.5%Obama, month 43: -7.2%Obama, month 46: -8.5%Obama, month 48: -8.3%ObamaTrump I, month 1: 0.0%Trump I, month 4: -0.2%Trump I, month 7: -0.2%Trump I, month 10: -1.2%Trump I, month 13: -2.0%Trump I, month 16: -2.6%Trump I, month 19: -3.0%Trump I, month 22: -3.6%Trump I, month 25: -3.5%Trump I, month 28: -4.5%Trump I, month 31: -4.7%Trump I, month 34: -5.3%Trump I, month 37: -5.9%Trump I, month 40: -4.8%Trump I, month 43: -5.7%Trump I, month 46: -6.4%Trump I, month 48: -7.0%Trump IBiden, month 1: 0.0%Biden, month 4: -1.5%Biden, month 7: -3.4%Biden, month 10: -5.0%Biden, month 13: -7.0%Biden, month 16: -9.0%Biden, month 19: -10.9%Biden, month 22: -11.8%Biden, month 25: -12.6%Biden, month 28: -13.2%Biden, month 31: -13.8%Biden, month 34: -14.6%Biden, month 37: -15.2%Biden, month 40: -16.1%Biden, month 43: -16.2%Biden, month 46: -16.8%Biden, month 48: -17.3%BidenTrump II, month 1: 0.0%Trump II, month 4: -0.4%Trump II, month 7: -1.0%Trump II, month 11: -1.9%Trump II, month 14: -2.6%Trump II, month 17: -4.5%Trump II, month 20: -4.6%Trump II, month 21: -5.1%Trump II
% change since each president's first month in office, months 1–48 of each term. Highlighted: Trump II.

Every administration at month 21

Purchasing Power of the Dollar at month 21 in office, 10 administrations ranked on % change since month 1. Average of all 10: −7.0%.
RankAdministrationValue at month 21Change since month 1Latest / end of month 48Primary federal source
#1Barack Obama$16.36−2.9%$15.44 (month 48)Bureau of Labor Statistics · CPIAUCSL
#2George W. Bush$19.75−2.9%$18.62 (month 48)Bureau of Labor Statistics · CPIAUCSL
#3Donald Trump (first term)$14.16−3.3%$13.62 (month 48)Bureau of Labor Statistics · CPIAUCSL
#4Bill Clinton$23.91−4.4%$22.44 (month 48)Bureau of Labor Statistics · CPIAUCSL
#5Donald Trump (second term) · in office$10.62−5.1%$10.62 (month 21)Bureau of Labor Statistics · CPIAUCSL
#6George H. W. Bush$26.94−8.6%$25.09 (month 48)Bureau of Labor Statistics · CPIAUCSL
#7Richard Nixon$91.07−8.9%$84.00 (month 48)Bureau of Labor Statistics · CPIAUCSL
#8Ronald Reagan$36.54−10.7%$33.84 (month 48)Bureau of Labor Statistics · CPIAUCSL
#9Joe Biden$12.05−11.3%$11.24 (month 48)Bureau of Labor Statistics · CPIAUCSL
#10Jimmy Carter$53.68−11.7%$41.32 (month 48)Bureau of Labor Statistics · CPIAUCSL

Methodology and source verification

What a dollar at the start of the term buys at each later month: CPI at month 0 divided by CPI at that month. Ranked on the % change since month 0.

Every administration is aligned to its own inauguration: month 1 is the month it took office, and the comparison runs to month 48 (the first term). Each administration is compared at the same month in office, so a president halfway through a term is never measured against another's full four years.

Primary source: Bureau of Labor Statistics (BLS). Retrieved from the Federal Reserve Bank of St. Louis (FRED), series CPIAUCSL, refreshed hourly. Latest observation 2026-09-01, first published 2026-10-14. Full methods: methodology.

Purchasing Power of the Dollar by president

Purchasing Power of the Dollar under Richard NixonPurchasing Power of the Dollar under Jimmy CarterPurchasing Power of the Dollar under Ronald ReaganPurchasing Power of the Dollar under George H. W. BushPurchasing Power of the Dollar under Bill ClintonPurchasing Power of the Dollar under George W. BushPurchasing Power of the Dollar under Barack ObamaPurchasing Power of the Dollar under Donald Trump (first term)Purchasing Power of the Dollar under Joe BidenPurchasing Power of the Dollar under Donald Trump (second term)

Other benchmarks

GDP GrowthReal GDPUnemployment RateLabor Force ParticipationJobs Added per MonthManufacturing JobsInflation (CPI)Core InflationGas PricesReal WagesFederal Funds RateDebt-to-GDPTrade Balance30-Year Mortgage RateHousing StartsRetail SalesJob OpeningsJob Openings per Job SeekerPersonal Saving RateConsumer SentimentS&P 50010-Year Treasury Yield5-Year Treasury YieldYield Curve (10Y–2Y)Federal Budget Balance