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Trump Claims Grocery Deflation, Fact-Checker Cites 3.4% Rise

By Drooid · Sep 28, 2026, 4:04 PM UTC · How we work

Summary

Story summary

President Donald Trump said the economy improved after returning from a golf outing in Illinois.
He claimed oil prices are lower than under President Biden.
He asserted 401(k) balances and the stock market are at all-time highs while inflation fell.
CNN fact-checker Daniel Dale reported grocery prices rose 3.4% since January 2025.
Dale concluded claims of grocery deflation are false and price rises occur under any president.

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Story summary

President Donald Trump said the economy improved after returning from a golf outing in Illinois.
He claimed oil prices are lower than under President Biden.
He asserted 401(k) balances and the stock market are at all-time highs while inflation fell.
CNN fact-checker Daniel Dale reported grocery prices rose 3.4% since January 2025.
Dale concluded claims of grocery deflation are false and price rises occur under any president.