Economists Disagree with Trump's Claim of Falling Grocery, Gas Prices
Former President Trump recently claimed that grocery and gas prices are decreasing. However, economists are pushing back against this assertion. Experts say that while the rate of inflation may have slowed, prices are still generally increasing. This means consumers are still paying more for essential goods and services than they were in previous years.
Former President Donald Trump has stated that grocery and gas prices are falling, but economists are challenging this claim. While inflation rates have cooled down from their peak, experts emphasize that prices remain elevated. This means that the cost of everyday items like groceries and gasoline are still higher than they were before the recent surge in inflation. Several economists have pointed to government data showing that while the *rate* of price increases has slowed, prices themselves haven't actually decreased in most sectors. This distinction is crucial, they say, as it directly impacts consumers' wallets and their ability to afford necessities. The debate highlights the ongoing economic challenges facing American families and the differing interpretations of economic data.
Source: Read the original article at ABC