Trump Says Costs Are ‘Way Down’ For Americans—What The Data Shows
Summary
President Donald Trump said that costs for things like rent and groceries have dropped a lot during his time in office. However, recent government data shows that while some prices fell in June, overall prices for many goods and services have still gone up over the past year.Key Facts
- President Trump claimed costs for rent, groceries, and other basics are dropping fast.
- Latest government inflation data shows consumer prices fell 0.4% in June but rose 3.5% over the past year.
- Energy prices dropped in June but have risen significantly over the year due to global conflicts and supply issues.
- Gasoline and airline fares increased by about 27% over the last year.
- Food prices overall rose 3% in the year ending in June, with some items like beef and coffee up by double digits.
- Trump gave himself an “A+” for the economy, citing jobs and stock market success.
- Public approval of Trump’s economic performance is low, with only about 30% approving according to recent polls.
- Inflation remains a challenge, and prices are expected to continue rising in the near future.
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