February 16, 2025
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5:49Now PlayingDonald Trump throws a panicked tantrum on Truth Social as his cover story for rising inflation and price issues starts to unravel with the public. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
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Inflation, egg prices, and gas prices all rose in January; Trump blames Biden
"U.S. President Donald Trump on Wednesday blamed his predecessor Joe Biden for last month’s unexpected acceleration in consumer inflation, as he looked to deflect a moment of potential political peril early in his second term.
The consumer price index (CPI) edged up to 3.0 percent in January from a year ago, the Labor Department said in a statement—slightly above economists’ estimates.
Stripping away volatile food and energy costs, so-called core inflation rose by 3.3 percent over the past 12 months, which was also slightly above expectations.
“BIDEN INFLATION UP!” Trump wrote on Truth Social shortly after the data was published, seeking to blame Biden for the CPI figures, which included 12 days in which was Trump was in office."
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