Trump declared inflation 'defeated' - now the U.S. is projected to have the worst inflation among G7 countries

https://finance.yahoo.com/economy/policy/articles/trump-declared-inflation-defeated-now-131500457.html

Trump declared inflation 'defeated' — now the U.S. is projected to have the worst inflation among G7 countries in 2026
Laura Boast
Thu, April 16, 2026 at 8:15 AM CDT

What a difference a war makes. In January 2026, President Donald Trump boasted to G7 leaders and others at the World Economic Forum in Davos that his team had “defeated” inflation in the U.S.

“Grocery prices, energy prices, airfares, mortgage rates, rent and car payments are all coming down, and they’re coming down fast,” he said.

Now the U.S. and Israel’s war in Iran is expected to make inflation worse, according to a report published by the Organisation for Economic Co-operation and Development (OECD) in March 2026.

The OECD predicts that America could have the highest inflation in the G7 by the end of this year, in large part due to the war and the ongoing impact of Trump’s tariff policy.

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