Fact-check · Sep 30, 2026 · Donald Trump
“Our inflation numbers are way down other than for oil, which is still lower than Biden, but is coming down rapidly”
MISLEADING
What the record shows
BLS CPI-U, All Items, YoY inflation as of latest month. Core inflation (ex-food/energy) has declined from 2022 peaks but remains above 2% target. Energy/oil prices are volatile; comparison to 'Biden' era requires specific month/year baseline. Claim conflates overall CPI with energy-only inflation.
From: President Trump Makes an Announcement with the Secretary of Commerce
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