President Donald Trump continues to tout what he calls dropping prices under his economic leadership, denying that affordability is a widespread issue facing American households.

Over the past few weeks—particularly in the days following the Democrats’ recent election victories —the president has proclaimed that grocery prices “are way down,” inflation has been “defeated” and that discussion of an affordability crisis is a “ con job ” manufactured by his rivals. But recent data tells a more nuanced story, with prices still rising and polls revealing the significant financial strains a large share of the population says they are facing.

Why It Matters

A number of experts pointed to Trump’s ability to speak to Americans' economic frustration as a key to his victory in 2024. Early in T

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