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Trump asserts inflation falling, fact-check shows grocery prices rising

By Drooid · Sep 28, 2026, 4:05 PM UTC · How we work

Trump's inflation claims after the Presidents Cup

He added that 401(k) balances and the stock market were at all-time highs and that the nation was “doing really well.”

Fact-check findings

Dale concluded that grocery price trends tend to rise regardless of the president, and that Trump’s claim of broad grocery deflation is inaccurate.

Data on grocery price trends

Grocery price index: +3.4% since January 2025.

Egg prices: significant decline after a prior surge linked to a bird-flu outbreak.

Majority of grocery items: price increases outweigh the few items that have become cheaper.

Verbatim quotes

“With the exception of oil, which is lower than under the Biden administration, and we no longer have to worry about nuclear weapons because Iran has been wiped out ... prices are going down. We have it going down,” — Donald Trump, president

“Overall grocery prices are up 3.4% since Jan. 2025, and way more grocery items are up than down,” — Daniel Dale

“In summary: The price of eggs has fallen big under Trump after spiking late in Biden’s term because of a bird flu outbreak; a few other items have gotten cheaper, but by much less than eggs; the overwhelming majority of items have gotten more expensive,” — Daniel Dale