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Trump Says Costs Are ‘Way Down’ for Americans-What the Data Shows
newsweek.com • • world
Key Points:
- President Donald Trump claimed during a Nevada speech that costs for rent, groceries, and other staples have significantly decreased under his administration, asserting he inherited the worst inflation in U.S. history.
- White House spokesman Kush Desai credited Trump's policies, including deregulation and tax cuts, for American workers recovering nearly half of the real wage losses experienced under the previous administration.
- Despite Trump's positive assessment, polls show only 30% of Americans approve of his handling of the economy, with 65% disapproving, reflecting a decline in public support since early 2025.
- Bureau of Labor Statistics data indicates consumer prices fell 0.4% month-over-month in June but remain 3.5% higher than the previous year, with energy costs driving much of the inflation and expected to rise again due to geopolitical tensions.
- While some essentials like dairy and potatoes have decreased in price since Trump took office, many food items, including beef, seafood, and coffee, have seen significant price increases, and inflation forecasts predict continued price rises in the near future.
