Inflation was a problem for former President Joe Biden -- one that President Donald Trump inherited when he returned to the White House. Aaron Schwartz/Getty Images

“We have no inflation,” President Donald Trump said in his “60 Minutes” interview Sunday evening. “Our groceries are down.”

And with those two false claims , Trump is repeating a political mistake that haunted his predecessor, former President Joe Biden, and contributed to the Democrats losing the White House: Trump appears to be denying the economic reality that people are experiencing in their everyday lives.

Whether or not Trump is making a similar political miscalculation remains to be seen. Today’s elections in Virginia, New Jersey and New York City could serve as an indication.

Inflation is far from the crisis

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