That’s Mr. Trump on inflation. Right here’s the information:
Determine 1: CPI for meals at residence (blue), chained (tan), each in logs, 2021M01=0. Chained CPI seasonally adjusted by creator utilizing X-13. NBER outlined peak-to-trough recession dates shaded grey. Supply: BLS and creator’s calculations.
Above graph signifies the true quantity (admittedly, authorities statistics, as a substitute of Trumpian anecdotes) is considerably under a quadrupling.
