Fact Check: Has Overall Inflation Eased Under Donald Trump?
President Donald Trump claims to have improved the economy and inflation, which are top concerns for voters. He stated,
Energy costs are way down... Gasoline prices are way down... Inflation has been defeated.
Treasury Secretary Scott Bessent also mentioned the administration's progress on inflation, saying
When we came in, it was ‘egg-flation, egg-flation, egg-flation’and noted that egg prices are down.
However, President Trump's claim that the inflation rate is
2.7%is inaccurate, as it is actually
3%.
Author's summary: Trump's inflation claims are partially incorrect.
- Energy costs: down
- Gasoline prices: down
- Egg prices: down
- Inflation rate: 3% (not 2.7% as claimed)