President Trump delivered a message Tuesday evening aimed at the millions of Americans struggling to afford daily necessities , saying his administration is "crushing" inflation and that "prices are coming down tremendously." Economic data tells a different story.
Prices have edged higher for much of Mr. Trump's first year back in the White House, with inflation in September rising at an annual rate of 3% (the most recent available inflation data because of the recent U.S. government shutdown ).
Inflation dipped to a low this year of 2.3% in April, but it has steadily ticked up since then and now stands at the same rate as in January, when Mr. Trump was inaugurated, federal data shows . Economists attribute the rise partly to the Trump administration's new tariffs on

CBS New York Business

AlterNet
Reuters US Top