FACT CHECK: Prices Are Hitting Record Highs – Despite Trump’s Lies

It doesn’t matter how many times Donald Trump tries to claim prices are falling. Americans are feeling the burden of skyrocketing prices on critical goods like groceries, clothing, and electricity — all thanks to Trump.    

CNN: “Fact check: Trump falsely claims grocery prices are down” 

“Average grocery prices were about 2.41% higher in March 2025 than they were in March 2024, Consumer Price Index data shows. This was the highest year-over-year grocery inflation rate since August 2023.” 

CNN: “Fact check: Trump falsely claims gas prices hit $1.98 in some states” 

“That’s not true. No state had an average gas price even close to $1.98 per gallon on Wednesday. The two states that were tied with the lowest average gas price on Wednesday, Mississippi and Tennessee, were both at $2.70 per gallon, according to data provided by AAA.” 

Bureau of Labor Statistics: March 2025: Grocery prices rose by 0.485%, the most since October 2022. 

CBS News: “As ongoing inflation continues to deplete household budgets, perhaps nowhere is the pinch felt more strongly than in grocery aisles. …

“[E]ggs, meat and poultry soared almost unanimously, reaching over 9% or higher than just a year before — tripling the general rate of inflation” 

Bureau of Labor Statistics: “The average price of electricity per KWH in the U.S. increased to $0.181 — the highest price on record.

Patrick De Haan, @GasBuddyGuy: “Average gas prices compared to a month ago: up in nearly all states”

Meanwhile, prices are predicted to get *even higher*.

Yale Budget Lab: “Food prices rise 2.6% in the short-run and stay 2.8% higher in the long-run. Fresh produce is initially 5.4% more expensive” 

Yale Budget Lab: “The price level from all 2025 tariffs rises by 3% in the short-run, the equivalent of an average per household consumer loss of $4,900 in 2024$ … The [long-term] price increase settles at 1.6%, a $2,600 loss per household. …  

“The 2025 tariffs disproportionately affect clothing and textiles, with consumers facing 87% higher shoe prices and 65% higher apparel prices in the short-run. Shoes and apparel prices stay 29% and 25% higher in the long-run respectively.” 

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