Trump reaches historic mark that only Biden and Carter achieved - and it’s not good news

Key Points:

• President Donald Trump’s approval ratings on inflation have plummeted, with a recent Ipsos poll showing him 50 points underwater in May, marking historically poor numbers comparable to those of Joe Biden and Jimmy Carter at similar points in their presidencies.
• CNN’s chief data analyst Harry Enten highlighted that Trump’s net approval rating on inflation has trended downward since January 2025, reaching a low of minus-47 points in June, which poses a significant challenge for Republicans ahead of the midterm elections.
• Despite a slight easing in inflation disapproval, Trump’s claims of improving inflation rates inherited from Biden are factually incorrect, as inflation under Biden peaked at 9.1% in June 2022, the highest in decades.
• Recent data from the Labor Department shows a slight decrease in inflation in June 2025, with consumer prices dropping 0.4% from May and an annual rate of 3.5%, though it remains above the Federal Reserve’s 2% target and may rise again due to geopolitical tensions affecting oil prices.
• The White House attributed inflation issues to global factors such as the Iran situation, with spokesman Kush Desai stating that oil and gas prices—and thus inflation—would rapidly drop once the conflict is resolved.