WASHINGTON (AP) — As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters’ fears about the economy.
“I will very quickly deflate,” he promised at a California rally. “We are going to take inflation, and we are going to deflate it. We are going to deflate inflation. We are going to defeat inflation. We’re going to knock the hell out of inflation.”
Wednesday’s consumer price index report showed that inflation is punching back — and President Trump could end up facing the same challenges that dragged down his predecessor, President Joe Biden.
The annual inflation rate has risen in the three months since the November
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