President Donald Trump was caught lying about defeating inflation by his own administration, which released the Consumer Price Index that showed prices had increased 0.3% from Aug. to Sept., notes CNN:
The September CPI inflation report showed that prices rose at a slower-than-expected rate of 0.3% last month, but annual price hikes for a range of consumer goods rose at the fastest pace so far this year.
This is the first and only piece of official economic data the federal government has released this month, due to the shutdown. The White House said Friday that the October inflation report likely would not be released at all.
Trump has falsely claimed numerous times inflation is over, notes MSNBC:
At a White House event on Thursday afternoon, Donald Trump bragged, in response to an unrelated question, that he’d “already taken care of” inflation. For those who keep an eye on the president’s public positions, the lie was jarring but familiar.
With unnerving frequency, Trump ignores economic data to insist — reality be damned — that he’s successfully “defeated,” “cured” and “solved” inflation.