Claim: President Trump said on Tuesday night that the core inflation rate had fallen to 1.7 percent in the last three months of 2025.
Verdict: True
Using the standard three-month annualized measure of inflation based on the seasonally adjusted core consumer price index (CPI-U less food and energy), the rate was about 1.7 percent at the end of 2025. That’s the lowest three-month annualized rate since the first quarter of 2021, the end of President Trump’s first term in office and the beginning of Joe Biden’s.
This end-of-period calculation compares the December 2025 core CPI index level (331.814) to the September 2025 level (330.418) and…
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