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Trump's claim that there is 'no inflation' may clash with the latest consumer price data
Trump is correct to say that gasoline prices declined from a year ago: Today, regular unleaded fuel costs about $3.14 per gallon, compared with about $3.62 a year ago this month, according to AAA. Overall energy costs are also slightly lower, government data show.
Lower food prices tame US consumer inflation in April, tariffs squeeze awaited
U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.
President Donald Trump has insisted that prices are falling, even as consumers continually express concern about the economy.
Tuesday’s report could provide an early read on how Trump’s duties will affect the prices Americans pay for necessities.
Trump claimed last month that gasoline prices had fallen as low as $1.98 in a couple of states. On Friday, Trump voiced a ...
Donald Trump has agreed to substantially roll back tariffs on China as the two nations continue to work toward a permanent ...
Inflation cooled for the third straight month in April even after some of Trump's tariffs took effect, though economists and ...
To commemorate his first 100 days in office this term, President Donald Trump gave a speech in Michigan and granted ...
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the ...
The move would align prescription costs in the US with the costs of other countries, according to the administration.
Unlike Trump's first term, his proposed "most favored nation" policy, tying U.S. drug prices to the lowest prices paid by ...
Even so, a rollback of some levies since "Liberation Day" may reduce the impact on inflation. Trump paused a large swath of ...
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