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Fact-check · Oct 6, 2026 · Donald Trump

“A strong dollar gives you no inflation”

MISLEADING
What the record shows
2.9% — Inflation (CPI) in 2024 (Trump II), per BLS CPI-U.

Strong dollar helps moderate inflation but does not eliminate it. US experienced significant inflation 2021–2023 despite dollar appreciation.

This figure differs by region.
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From: President Trump Gaggles with Press Upon Departure from the White House, Oct. 6, 2026

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