For Americans concerned about inflation and consumer costs, recent developments have been discouraging. Two weeks ago, for example, the public learned that the Consumer Price Index climbed unexpectedly in June, amid signs that Donald Trump’s trade tariffs were pushing prices higher.
This week, the disappointing news continued as the Commerce Department reported the Personal Consumption Expenditures price index — a metric that’s closely watched by the Federal Reserve for evidence of inflation — is also climbing, and as The New York Times reported, the data represented “the latest sign that President Trump’s tariffs are starting to bleed through into consumer prices.”
Then Trump sat down with New York Post columnist Miranda Devine and made a rather specific claim, not only about the key economic issue, but about his perceived successes.
“You know, if you think, inflation, I’ve already taken care of,” the president claimed. “Prices are way down for everything — groceries, everything.”
Certainly this is the official White House line, with a variety of administration officials pushing nearly identical rhetoric.
But reality won’t budge. As the Trump administration’s own data shows, grocery costs have gone up since the president returned to the Oval Office, not down.
A couple of weeks ago at a White House event for a Republican audience, Trump said Democrats “lie” when they say the prices of food and groceries have gone up, but as a CNN report noted soon after, “Nonsense. It’s correct, not a lie, to say overall prices, grocery prices and food prices in general are up during this presidency.”
This was one of the critical issues of the 2024 race, and the Republican president is clearly failing — both to deliver the results he promised and to tell the truth about reality.
Throughout last year, then-candidate Trump was repeatedly asked about his plan to lower consumer prices. Common sense suggested he would’ve prepared at least some kind of coherent answer, but that never happened. He simply said it would all work out wonderfully once he returned to power.
As prices climb, the president could acknowledge the facts and perhaps even accept some responsibility, but he prefers to play make-believe.
This article was originally published on MSNBC.com
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