How bad is Inflation right now in the United States of America after President Donald Trump failed promises

The president, Donald Trump, made a commitment to reduce inflation on the first day of his presidency.

Based on the most recent data, it appears that price increases may be stabilising; however, it is uncertain whether this trend will endure in the presence of tariffs and other economic policy modifications.

The consumer price index measured inflation in April at 2.3% on an annual basis, which was lower than the 2.4% observed in March and was below the anticipated level. The Bureau of Labour Statistics reports that this is the lowest rate consumers have experienced since February 2021.

“The economy continues to benefit from the trend of inflation slowing before the tariffs were announced,” stated David Russell, global director of market strategy at the online broking firm TradeStation. “It implies that there is still time to prevent substantial price increases and underscores the necessity of concluding trade agreements sooner rather than later.” The Federal Reserve has maintained a cautious stance; however, the data released today incrementally moves them closer to the possibility of a rate cut this summer.

In the past few years, Americans have encountered inflation that is unprecedented in the past few decades. In early 2020, the COVID-19 pandemic resulted in a significant increase in prices due to a combination of factors, including lockdowns, stimulus checks, reopening, and supply chain issues.

Inflation was prevalent and the economy was beset by the summer of 2022, which was one and a half years into Joe Biden’s presidency. It declined considerably prior to the 2024 presidential election, but it continued to exceed pre-pandemic levels. High grocery and petrol prices were a fundamental component of the campaign of candidate Trump.

In August, at a campaign rally in Bozeman, Montana, he declared, “We will eliminate inflation and restore affordability in America from the very first day.”

Next month, in Erie, Pennsylvania, he stated, “Cars, groceries, everything.” “Our intention is to reduce the prices.”