Three-quarters of Americans say everyday prices are increasing - despite Trump saying inflation is over
US households seeing monthly rising costs, study reveals
- A new Harris poll indicates that three-quarters of Americans have experienced an increase of at least $100 in their monthly household costs over the past year.
- The survey also revealed that 54 per cent of Americans believe the economy is currently in a recession, with rising costs reported by Democrats, Republicans, and independents alike.
- While Republicans predominantly attribute price increases to standard inflation, 55 per cent of both Democrats and independents blame the government's economic policies.
- A spokesperson for Donald Trump, Kush Desai, claimed that real wages are up and inflation is trending towards a 2.3 per cent annualised rate since Trump took office.
- These claims are contradicted by fact-checks from CNN, which noted increases in grocery and electricity prices, and official data showing the annual inflation rate at 2.9 per cent, exceeding the Federal Reserve's 2 per cent target.