"inflation is not stopped, as the president claimed. The latest inflation rate we have for September is 3.0 percent. Now, the president said that he inherited the worst inflation ever. The inflation rate the month he took office was also 3.0 percent. Now, it is true that inflation did hit a 40 year high of 9.1 percent in June, 2022, but President Trump habitually does not mention that the rate then declined sharply to the rate again, 3.0 percent that he inherited."
"Now, he said prices are down clearly overall on the whole. Prices are not down when you have 3 percent inflation. It is true there are some particular items which have fallen. He often mentioned eggs, but on the whole, again, we have 3 percent increase. We have a 2.7 percent increase in grocery prices. He often talks about, and I'll note, some sort of creative tenses he used during this speech."
Several assertions at the rally about inflation and consumer prices are factually incorrect. The latest inflation rate for September was 3.0 percent, so inflation is not stopped. The monthly inflation rate at the start of the presidency was also 3.0 percent, contradicting claims of inheriting the worst inflation ever. Inflation did peak at 9.1 percent in June 2022, then declined to about 3.0 percent. Overall prices are not down when the economy is experiencing roughly 3 percent inflation; grocery prices rose about 2.7 percent. Some individual items fell in price, but those do not represent an overall decline.
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