But new consumer-price data from the Bureau of Labor Statistics (BLS) is likely to negate President Donald Trump’s ongoing assertion that there is “no inflation” in the U.S. economy. For the period covering the past 12 months,

President Donald Trump has insisted that prices are falling, even as consumers continually express concern about the economy. He has repeatedly attacked Federal Reserve Chair Jerome H. Powell for not lowering interest rates to offset the effects of his trade war.

President Donald Trump has falsely claimed this week that grocery prices are “going down” and “are down.” In fact, grocery prices have continued to rise under Trump – and they were up even before he imposed near-global 10% tariffs earlier this month.