WASHINGTON — President Donald Trump campaigned on a pledge to lower consumer prices that skyrocketed during Joe Biden’s term, but he is now facing the same hard reality that dogged his predecessor: Once prices rise, they seldom fall, and Americans hate higher prices.

Trump may now be making some of the same mistakes as Biden, including downplaying the impact of higher prices on households and looking to corporate investments to boost jobs and wages, a strategy that takes years to pan out.

Repeatedly in recent days, including at the start of a state visit by Saudi Arabian Crown Prince Mohammed bin Salman, Trump has touted what he says are trillions of dollars in new investments that will create jobs, while saying inflation is under control, leaning on relatively low gasoline prices as his

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