
Fox News host Sandra Smith stumped former Vice President Kamala Harrisā Senior Adviser Mike Nellis by asking him what the current rate of inflation is.
The Consumer Price Index (CPI) increased by 2.7% year-over-year in June, according to the Bureau of Labor Statistics on July 15. However, Nellis asserted it was around 3% or 4% when Smith asked him if he knew the rate.
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āe need to get back to basics on how weāre going to deal with inflation and other issues and telling it in a much more simple way, talking about our accomplishments. But look, it isnāt going to get fixed overnight,ā Nellis said. āAnd right now the president of the United States is Donald Trump. Republicans are in control of Congress. Theyāre currently in recess rather than doing anything about inflation. Donald Trump was in front of the White House today claiming that heās crushed inflation, which is objectively false.ā
He then asserted that beef and alcohol prices were at record-highs during the July 4 weekend.
āDo you know what the inflation rate is?ā Smith asked.
āYeah, itās like about three or four percent,ā Nellis claimed, before Smith corrected him.
āNo. Itās below three. And itās been a long time since itās gotten there,ā she said. āI mean, youāre looking at 2.5% percent inflation now.ā
CPI rose 2.4% on an annual basis in May, a slight uptick from a 2.3% rise in April, according to the BLS. The CPI was also 2.4% in March and 2.8% in February, according to the BLS.
āDonald Trump promised to make grocery prices go down on day one,ā he said, responding to Smithās statement. āHe promised to make housing prices go down on day one. Weāre six months in and everythingās more expensive.ā
āPrices have definitely come down,ā Smith said. āThey can go down more. Iāll give you that.ā
āThey havenāt come down. Inflation is still going up,ā he said. āAnd itās rising, according to the latest stats.ā
āThatās not the case. Inflation has come down,ā Smith replied. āInflation by nature is growth in prices, but the growth has slowed.ā
The Democratic Partyās official X account on Thursday posted a graphic demonstrating drastic increases in grocery prices from 2021 to 2024 on, with the caption āTrumpās America,ā even though former President Joe Biden and Harris were in office at the time, an archive of the now-deleted post shows. The White House responded to the mishap on X by postingĀ a version of the graphic with the years 2021 through 2024 labeled āBiden.ā
Inflation in the U.S. reached 9.1% in June 2022, the highest in 40 years.
Summer gas prices reached a four-year low in June, according to the American Automobile Association.
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