By Daniel Dale, CNN
(CNN) — President Donald Trump made a series of false claims during his prime-time address from the White House on Wednesday night, most of which have been debunked before. Here is a fact check.
Inflation under Trump: Near the end of the speech, Trump falsely claimed, “Inflation is stopped.” Inflation hasn’t stopped; the year-over-year inflation rate in September, 3.0%, was the same as the rate when Trump returned to office in January – in fact, if you go to multiple decimal places, the September rate was a tiny bit higher – and September was the fifth consecutive month the year-over-year rate had increased.
Inflation under Biden: Trump repeated his false claim that “when I took office, inflation was the worst in 48 years, and some would say in the history of our country.”
The year-over-year inflation rate in the last full month of the Biden administration, December 2024, was 2.9%; it was 3.0% in January 2025, the month of Trump’s second inauguration. That’s the same as the most recent available rate at the time Trump spoke on Wednesday, 3.0% in September 2025. (The November rate is scheduled to be released on Thursday morning.) We don’t know who Trump was referring to when he said “some would say,” but neither the December 2024 number nor the January 2025 number was anywhere close to the worst inflation in decades or all time.
It is true that the year-over-year US inflation rate hit about a 40-year high (not a 48-year high)...
President Donald Trump on Wednesday evening offered a rapid-fire series of claims about the economic, military and societal impact of the first year of his second administration — some accurate or ...