Trump claimed victory over inflation nearly 20 times in his economic speech, despite high prices

Wallstreetcn
2026.02.07 11:07

Since December, in five speeches related to the economy, Trump has asserted nearly 20 times that inflation has been defeated or is declining, and nearly 30 times that prices are falling, statements that contradict economic data and voters' daily experiences. Most of the remaining time has been spent complaining and addressing other issues, including immigration, whether Somalia is a country, and attacks on opponents. Overall, this contrasts with the nearly 3% inflation rate over the past year and voters' experiences of paying more for basic necessities. For example, since Trump took office a year ago, the price of ground beef has risen by 18%, while the price of ground coffee has increased by 29%. (Reuters)