President Donald Trump has insisted that prices are falling, even as consumers continually express concern about the economy. He has repeatedly attacked Federal Reserve Chair Jerome H. Powell for not lowering interest rates to offset the effects of his trade war.

President Donald Trump has falsely claimed this week that grocery prices are “going down” and “are down.” In fact, grocery prices have continued to rise under Trump – and they were up even before he imposed near-global 10% tariffs earlier this month.

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.