“We have no inflation,” President Donald Trump said in his “60 Minutes” interview Sunday evening. “Our groceries are down.”
And with those two false claims, Trump is repeating a political mistake that haunted his predecessor, former President Joe Biden, and contributed to the Democrats losing the White House: Trump appears to be denying the economic reality that people are experiencing in their everyday lives.
Whether or not Trump is making a similar political miscalculation remains to be seen. Today’s elections in Virginia, New Jersey and New York City could serve as an indication.
Inflation is far from the crisis levels of the Biden years, but it never went away. And inflation is on the rebound again, rising in September to the highest annual rate since January in part because of the president’s tariffs.
Grocery prices aren’t down, either – they’re up across all major product categories, rising 1.4% since Trump took office, according to the Bureau of Labor Statistics.
Denying that
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