“Prices rose more under President Joe Biden's administration than during Donald Trump's presidency.”

Comparing inflation between the Biden and Trump administrations requires distinguishing between cumulative price growth over full terms and short-term snapshots. Data from the Bureau of Labor Statistics (BLS) confirms that the cumulative Consumer Price Index (CPI) increase during Joe Biden's four-year term (2021–2025) was significantly higher than the cumulative increase during Donald Trump's first term (2017–2021). Biden's term was marked by a post-pandemic inflationary surge that peaked in 2022, driven by supply chain disruptions, global energy shocks following the invasion of Ukraine, and increased consumer demand. Conversely, Trump's first term experienced relatively low, stable inflation until the onset of the COVID-19 pandemic. Recent political claims comparing the two often use 'cherry-picked' timeframes, such as comparing the first 18–20 months of Trump's second term (2025–2026) against the first 18–20 months of Biden's term to suggest a lower rate of price growth under Trump. Fact-checkers have noted that such comparisons are often misleading because they compare a partial term to a full term or ignore the 'price floor' established by previous inflation. Furthermore, economists emphasize that inflation is influenced by global factors, Federal Reserve policy, and legislative spending, making it reductive to attribute total price changes solely to the president in office.