Overview
- After attending the Presidents Cup, President Trump told reporters Sunday that “almost every price has come way down” and that Iran’s nuclear threat had been eliminated.
- CNN fact-checker Daniel Dale and other outlets rebutted those statements within hours using federal Consumer Price Index data and photographed receipts to show widespread price increases.
- Federal CPI figures show overall grocery prices are up about 3.4% from January 2025 through August 2026 while eggs are a large outlier, down roughly 31% after a prior avian flu spike.
- Year-over-year inflation was lower at the end of the previous administration than recent months under Trump, so the claim that he “inherited the worst inflation in the history of our country” is not supported by the data.
- Reporters and critics said the rapid correction matters politically because it contradicts the president’s messaging on affordability, highlights continuing oil and gas price pressures, and could affect voter perceptions ahead of the midterms.