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Washington CNN —

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 made the latest version of the false claim while denouncing Federal Reserve Chair Jerome Powell on Thursday. Powell had warned in Wednesday public remarks that Trump’s tariff policies are likely to lead to slower economic growth and higher inflation.

Trump wrote on social media Thursday that Powell should have lowered interest rates “long ago” and should do so now, as the European Central Bank did again on Thursday.
Trump’s argument: “Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS.” He had similarly claimed on social media on Tuesday that the US is taking in hefty tariff revenue “with the cost of almost all products going down, including gasoline, groceries, and just about everything else.”

But grocery prices are not down or going down.

Average grocery prices were about 2.41% higher in March 2025 than they were in March 2024, Consumer Price Index data shows. This was the highest year-over-year grocery inflation rate since August 2023.

And average March 2025 grocery prices were up about 0.49% from February 2025. That was the highest month-to-month grocery inflation rate since October 2022.

Month-to-month grocery inflation was quite...

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