Presidential debate Trump, Harris economy facts

When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, expect them to arrive with a stockpile of talking points about the U.S. economy.

In the weeks leading up to their head-to-head debate, hosted by ABC News, both Harris and Trump have unveiled new economic proposals. They have also tried to paint their rival as a threat to the health and stability of the U.S. economy.

As the candidates try to frame the economy in favorable terms Tuesday, keep these key numbers in mind.

• 1.4%: The Consumer Price Index in January 2021 at the start of the Biden-Harris administration. President Joe Biden has repeatedly claimed that he inherited a 9% inflation rate from Trump, which is false.
• 9.1%: The CPI in June 2022, the height of the post-pandemic inflation surge under Biden, and the highest rate since 1981. Trump has repeatedly claimed it was the highest inflation rate in U.S. history, but this is false.
• 2.9%: The annual CPI in July of this year, the most recent reading. This is the lowest 12-month inflation rate since March 2021. The next CPI report will be released Wednesday.
• 19.4% The cumulative increase in prices since Biden and Harris took office, according to a CNBC analysis of CPI data. Trump has falsely claimed that cumulative prices have soared more than 50% since Jan. 2021.
• 7.8%: The cumulative increase in prices over the four years Trump was in office, according to a CNBC analysis of CPI data over time.

• 14.8%: The unemployment rate in April 2020, the highest single month of the Trump administration, when employers hemorrhaged jobs due to Covid-19. This was also the highest monthly rate since the BLS first began tracking unemployment in 1948.

• 6.4%: The unemployment rate in January 2021, when Biden and Harris took office. This was the highest monthly rate of the Biden-Harris administration so far.

• 17.6%: The average hourly wage increase since Biden took office, according to a CNBC analysis of BLS data. Biden claims that wage growth outpaced inflation during his presidency, which is not true since prices have cumulatively increased by 19.4%.

• 15.9 million: The jobs created under the Biden-Harris administration so far, according to BLS data.
• 2.7 million: The net number of jobs lost during the Trump administration, a figure largely attributable to the pandemic-induced economic recession.

• 6.7 million: The jobs added from the time Trump took office in January 2017…