Fact-check · Oct 7, 2026 · Donald Trump
“Core inflation actually dropped last month”
MISLEADING
What the record shows
BLS reports August 2026 core CPI rose 0.2% month-over-month (up from 0.1% in July); year-over-year core inflation fell to 2.4% from 2.5%.
Month-over-month core inflation increased, not dropped. Year-over-year decline is modest and less salient than the monthly uptick.
Sources
- US inflation remained stubborn last month as Iran war continued to lift prices
- United States Inflation Rate
- Inflation cooled slightly last month even as consumers stepped up spending
- June 2026 CPI Report: Why Inflation Fell But Core Didn't
- Annual Core Inflation Falls to Lowest Level in More Than Five Years
- core inflation rate
From: President Trump Makes an Announcement, Oct. 7, 2026
Vote Unbiased checks what officials say against government data — BLS, BEA, Census, Treasury, the Fed — with sources cited. Every speaker, every party, same standard. See the data →