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Fact-Checks Rebut Trump’s Claim That Inflation Is Over and Iowa Gas Is $1.95

Official data show prices continue to rise and statewide gas averages exceed the figure he cited.

Overview

  • Consumer Price Index figures for December 2025 show overall prices up 0.3% from November and 2.7% year over year.
  • Grocery prices rose 0.7% from November to December, and overall groceries cost more than when Trump took office, though egg prices have fallen.
  • AAA reported Iowa’s average gas price at $2.57 per gallon on Tuesday, well above the $1.95 cited by the president.
  • GasBuddy found only four of 2,036 Iowa stations near $1.97 per gallon, underscoring how rare that price point was.
  • An attendee publicly corrected the gas-price claim at Trump’s Iowa event, and a nearby station posted $2.69 per gallon as observed by a CNN reporter.