Summary
Trump administration officials say prices are not high and are going down, despite data showing rising prices. The administration is addressing concerns about the cost of living and its impact on voters' preferences in recent elections. Government data indicates prices for items like beef and coffee are up, but some officials claim grocery prices are lower under President Trump.
Key Facts
- Trump officials say prices are dropping, but data shows they are rising for some items.
- Recent elections in New Jersey and Virginia showed voters concerned about the economy preferred Democrats.
- President Trump dismissed affordability concerns at a recent White House event.
- Treasury Secretary Scott Bessent stated prices have started to level off and will continue to decrease.
- Government data indicates consumer prices, including food staples, are up significantly year over year.
- National Economic Council director Kevin Hassett claims grocery prices have decreased under Trump, without providing specific data.
- Hassett also mentioned that real spending power has increased this year.
- There is no official data on prices and inflation due to a government shutdown.
