Former President Joe Biden was roasted by economists in December 2023 over incoherent claims he made while getting blamed for high prices , which had sent his poll numbers plummeting. Nearly two years later, prices are rising again, but this time it’s President Donald Trump who is trotting out the bogus claims.

In a recent interview with Fox News host Laura Ingraham, Trump kept insisting costs are down, not up. Trump is right that prices have fallen for some goods, including staples such as gasoline. But people who’ve seen sharp price increases in goods such as coffee , beef , and fruit might be skeptical that “costs are way down,” and they’d be right.

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