President Trump Addresses Nation

POTTERVILLE, MICHIGAN – AUGUST 29: Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel on August 29, 2024 in Potterville, Michigan. Michigan is considered a key battleground state in the upcoming November Presidential election. (Photo by Bill Pugliano/Getty Images)

Associated Press: President Donald Trump offered a glowing account of progress under his watch in a speech from the White House. But some of his claims Wednesday night were out of tune with the experience of price-squeezed Americans and the story told by some of his government’s own statistics. For one, he claimed consumer prices are falling rapidly. Yet the inflation numbers are about where they were when he took office. Inflation had been falling during the first few months of Trump’s presidency, but it picked back up after the president announced his tariffs in April.

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