Inflation Analysis and Political Accountability

mixed signals in terms of what that looks like

But on Venezuela it's down from where it was As measured by the overall CPI it has

slowed to an average 2 5 percent pace This is down from what the

President inherited in — the President inherited 2 9 percent in January Today it's

at about 2 5 percent So

we're trending in the right direction with more to come And I would remind you when

President Trump left office in his first term inflation was 1

7 percent And the previous administration jacked

it up to a record high 9 percent So again in 10 months the President has clawed us

out of this hole He's kept it low at 2 5 percent And we believe that number

is going to continue to decline especially as energy and oil prices continue

to decline as well The Press It wasn't high under Biden They're just saying it's

not virtually — Ms Sanders Well nobody reported on it being high under Biden

My predecessor

was standing at this podium But now you want to ask me a lot of questions about it

which I'm happy to answer But I will just add there's a lot more scrutiny on this

issue from this press corps than there was — well and the previous administration

said that too My predecessor stood up at this podium and she said inflation doesn't

exist She said the border was secure And

people like you just took her at her word And those were two utter lies Everything

I'm telling you is the truth backed by real factual data and you just don't

want to report on it because you want to push untrue narratives about the President