Part 3/13:
This marks the fifth consecutive month where inflation has been lower than what economists predicted or feared. Contrary to the drumbeat of doom, inflation isn't surging uncontrollably. In fact, when looking at historical trends during previous administrations, current figures look tame. Under Trump in his first year, inflation hovered around 2.3–2.7%, similar to today’s numbers under Biden, despite accusations that tariffs and policy decisions would trigger rampant inflation.