The 2017-2020 average annual rate was 1.96%.
The four year average annual rate 2021-2024 under Joe Biden clocks in at 4.48%, almost 129% worse than under Trump I.
During 2024 the year over year measure has been at 3.3% or 3.2% every month from June inclusive, but stonks are soaring today as if something has changed.
Nothing's changed.