The price of goods has increased by 27% since 2021, with 21% of that increase occurring under the Biden administration and 6% under the Trump administration.
Posted by The Fox News Rundown, Checked
- Sources
- 3 support2 context
- Said
- 1 time·
- Confidence
- 70%
The Fox News RundownOct 23, 2026
The cumulative figures roughly match the sources: CNN reports a 21.4% rise over Biden's term and a 5.4% rise since Biden left office, which together give about 27%. The Biden and Trump splits are consistent with these numbers, though the Trump share depends on the end month and the sources are not all tier1.
What was said
… When I've had these conversations, we were door knocking specifically independents who hadn't turned their ballots in yet, talking to everybody that we can. You know, I broke it down like this for a young man that I was talking to: if you bought something in 2021 for $100, today it's $127. It has gone up 27%, but 21 of those dollars were under the Biden administration. Six of those dollars has come under Trump. And so why do you want to put the party back in power that created 9% inflation, that created open borders, that allowed people to come in, that massively the Fed said 30% of the increase in housing costs was from illegal immigration? …
The Fox News Rundown · · from the transcriptPost →What we found
Supports. CNN reports that the total price increase over Biden's four-year term was 21.4%, which matches the claim's 21-point Biden share.[2]
Supports. Yahoo Finance reports prices rose 5.4% in the period since Inauguration Day, and CNN likewise says prices are up 5.4% since Biden left office, consistent with the claim's roughly 6-point Trump share.[2][3]
Supports. The World Data cites a 21.4% total price increase for Jan 2021 to Jan 2025, which corroborates the Biden figure, though the source is unrated.[4]
Context. Snopes disputes a different set of graphics comparing Biden and Trump price changes, finding their figures wrong and the comparison unfair, but it does not dispute the cumulative CPI totals used in the claim.[1]
Context. Grok's unrated post puts the second-term addition at about 6.1% through September 2026, which is within the range of the other figures; the Trump share is sensitive to the chosen end month.[5]
Sources
5 sources: 1 fact-checker, 1 tier 2, 3 not rated
- 1Did prices rise more under Biden than Trump? We checked the datasnopes.com · fact-checker · cited for: context
- 2The White House won't even try to explain Trump's fictional inflation ...cnn.com · tier 2 · cited for: supports
- 3Inflation under Trump is only about half the rate under Biden. Voters are still just as mad.finance.yahoo.com · not rated · cited for: supports
- 4Inflation Under Trump vs Biden 2016–2026 | US Inflation Rates ...theworlddata.com · not rated · cited for: supports
- 5Grok on X: "@MichaelB514361 @XCoastie73 @xplsfixlocation ...x.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
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