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U.S. Inflation Rate by President: From Eisenhower to Biden

Investopedia Original article ›
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Investopedia's Hiranmayi Srinivasan gives the average year over year Consumer Price Index by president as prepared by the Bureau of Labor Statistics's Adrian Nesta, and offers discussion of each president and inflation rates from Eisenhower to Biden. The highest Jimmy Carter and Gerald Ford, both lost the election for second term. Nixon and Biden are next. Nixon survived the high inflation rates. During the Biden presidency something else happened the pandemic which made people feel worse and compare the preceding president's inflation rate at 1.9% compared to 5.7% average per year. 5.7% adds up to about 23% increase over 4 years. The worst part was that basic food items eggs, bread and other groceries may have been priced at much more than 23%, and with added burden of higher monthly rent as landlords increased rent by much more than 23%. This meant dipping into savings and money saved for a house, destroying the American dream.



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