Trump declares ‘inflation is solved’ as Americans battling cost-of-living head to polls

Key Points:

• President Donald Trump declared on Election Day that "inflation is solved," claiming the economy is doing well and America is respected again, despite recent inflation data indicating otherwise.
• The U.S. Commerce Department reported consumer prices rose 3.6% year-over-year in September, up from 3.4% in August, with monthly inflation at its highest since May, contradicting Trump's statement.
• Nearly half of registered voters identified the cost of living as their top issue in the midterm elections, highlighting widespread concern about inflation and economic conditions.
• Trump faced criticism from both conservative analysts and former allies, including Marjorie Taylor Greene, for downplaying inflation and focusing on less relevant topics like the Lincoln Memorial renovation in his election eve speech.
• Despite campaigning on economic promises, Trump's approval ratings have declined, with nearly half of Americans reporting their household finances worsened since he took office in January 2025.