(CNN) — Inflation hasn’t “stopped.” Consumer prices are up during this presidential term, not “down.” Grocery prices are rising, not starting to fall “rapidly.” US businesses and consumers, not China, pay US tariffs on Chinese imports. It’s impossible to reduce prescription drug prices by “thousands” of percentage points, since this would mean Americans would be getting paid to acquire their medicines.
President Donald Trump made numerous false claims about inflation in a Tuesday speech to the Detroit Economic Club. He also delivered a bunch of falsehoods about broader economic subjects and about a variety of other issues he abandoned his teleprompter to discuss, including elections and immigration.
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Here is a fact check of some of his remarks.
Economy, prices and taxes
The state of inflation: Trump falsely claimed, “Inflation is stopped.” Inflation very much continues. The new Consumer Price Index report, released the morning of Trump’s speech, showed that average consumer prices were 2.7% higher in December than they were a year prior and 0.3% higher than they were in November. (At another moment in the speech, Trump made a vaguer claim that there is now “almost no inflation.”)
Prices under Trump: In his conclusion to the speech, Trump falsely claimed, “Prices are down.” Earlier, he scoffed at Democrats who say the midterms would be about affordability, saying, “It’s an election about high prices, that was caused by the Democrats, and that I brought...
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