Back to today’s briefing

Story perspectives

Trump Claims Victory Over Inflation Amid Rising Prices

12/13/2025

32 4 Full Breakdown

Summary

Story summary

On December 11, U.S. President Donald Trump claimed his administration is "crushing" inflation, despite rising prices.
Inflation rose to 3% in September, partly due to new tariffs.
Grocery prices rose 2.7% from last year.
The U.S. dollar weakened, pressured by disappointing employment data and rate-cut expectations.
The British pound dipped after UK GDP contracted 0.1% in the three months to October, ahead of the Bank of England policy meeting.

History

Historical Context

The Great Inflation in the U.S. peaked in 1974, with inflation rates reaching 11.1% due to factors like the 1973 oil crisis and wage-price controls. The Federal Reserve, under Chairman Arthur Burns, struggled to manage these pressures, leading to a recession from 1973 to 1975. Today’s inflationary challenges, including a 3% rise in September, reflect the complexities of monetary policy established during that era.

1 of 2

Story summary

On December 11, U.S. President Donald Trump claimed his administration is "crushing" inflation, despite rising prices.
Inflation rose to 3% in September, partly due to new tariffs.
Grocery prices rose 2.7% from last year.
The U.S. dollar weakened, pressured by disappointing employment data and rate-cut expectations.
The British pound dipped after UK GDP contracted 0.1% in the three months to October, ahead of the Bank of England policy meeting.

1 / 2