Maybe he means per month

[jon-nyc]

Trump: We'll hit 1.5% inflation soon.

[Doctor Phibes]

I thought prices had dropped.

[AndyD]

You lucky folk, the cost of living increase in the UK is very noticeable.

Basic things, electricity, gas, water and food shopping, all just keep going up in price.

Officially inflation is 4%; but food costs have rocketed and utilities must be up 10% or more.

[jon-nyc]

Here too. Food and restaurants and plenty of other things. It’s to the point where even I notice it at the grocery store.

[Doctor Phibes]

Food costs have skyrocketed. I'm a little surprised Trump hasn't noticed it when he does his weekly shop.