Trump says inflation was ‘defeated.' Some economists disagree [CNBC]
NerdWallet, Inc. (NRDS)
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Source: CNBC
inflation” and that “grocery prices, energy prices, air fares, mortgage rates, rent and car payments are all coming down.” Economists say inflation “remains uncomfortably high,” which has kept households under pressure. When it comes to the expenses consumers see every day, some costs are lower than they were one year ago — but not across the board. In the war on affordability , President Donald Trump has claimed victory over inflation Trump said during a speech on Wednesday in Davos , Switzerland, that he had “defeated” inflation and reined in consumer prices over the past year. Trump, in an address to world leaders and others at the World Economic Forum , said that the U.S. has “virtually no inflation.” “Grocery prices, energy prices, air fares, mortgage rates, rent and car payments are all coming down, and they're coming down fast,” Trump said in a wide-ranging speech, adding: “We've done a hell of a job in 12 months.” However, federal data suggests some of those clai
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