Karoline Leavitt: “In President Trump's term thus far, inflation has dropped to…”

“After inheriting the worst inflation crisis in over four decades, President Trump's pro growth policies are making tremendous progress to make America affordable again. Under the painful Biden years, inflation reached a record high 9% and devoured Americans purchasing power. In President Trump's term thus far, inflation has dropped to an average of just 2.7%. marking critical progress. The Trump administration is working hard every single day to bring down the cost of living through bigger paychecks and lower prices.” (01:03–01:11)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.