"Reality check: Trump has frequently claimed prices are trending lower, but prices for many goods and services have risen since he returned to the White House. The Consumer Price Index and the core measure that strips out food and energy costs rose 3% in the 12 months through September, the latest data available due to a lapse in reporting amid the government shutdown. Utility prices fell in September, but were up nearly 12% over the past year."
"Burns told Trump about one of his supporters, who was upset about the rising costs of groceries, utilities, and running a small business. Trump didn't address these concerns directly, instead pointing to lower energy prices as a triumph of his administration. "Gasoline - they had it at $4.50, almost $5," he said. "We hit three states two days ago, $1.99 a gallon. When that happens, everything comes down." Yes, but: The cost of filling up gasoline tanks vs. keeping the lights and heat on at home is moving in generally opposite directions, Axios' Ben German writes."
Many consumer prices have risen since Trump returned to the White House despite his repeated claims that prices are falling. The Consumer Price Index and core CPI rose 3% in the 12 months through September; utility prices fell in September but were nearly 12% higher year-over-year. Coffee prices are about 20% higher than in 2024. Trump emphasized lower gasoline prices as evidence of falling costs, citing $1.99 a gallon in some states. Gasoline price declines have not matched increases in household utilities and groceries. Polling shows low approval of Trump's economic stewardship and widespread concern that his policies raise food costs.
Read at Axios
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