"Now it's President Trump who's trying to persuade the public that the state of the economy is sound, after prices rose 3% in the 12 months ending in September and with consumers spending less on big-ticket items. Betsey Stevenson, a professor of economics at the University of Michigan, says making that argument could be a tall order in the face of rising costs for a number of goods and services."
"While the prices of some items such as gasoline have fallen on Trump's watch, the overall cost of living has continued to climb. For example, grocery costs are up 2.7% for the year ending in September and electricity costs have jumped more than 5%, according to the Bureau of Labor Statistics. "Trump's claims about inflation are false," Stevenson said, "and you can go to the grocery store and see it yourself.""
President Trump is defending his administration's economic record while prices rose 3% in the 12 months ending in September and consumers cut back on big-ticket purchases. Betsey Stevenson, an economics professor, says claiming prices are not up is untenable given rising costs across many goods and services. Gasoline prices have fallen, but grocery prices rose 2.7% and electricity increased more than 5% year‑over‑year. Stevenson called Trump's inflation claims false and urged people to see price changes at the grocery store. Trump labeled "affordability" a Democratic hoax, though his assertions conflict with official government inflation data.
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