President Donald Trump said on Monday that prices are “way down” in the United States, pointing to falling energy costs while blasting “corrupt politician-approved \u2018Windmills'” as “killing every State and Country that uses them.” He also credited “magnificent tariffs” for strengthening the economy.<\/p>\n
Donald Trump\u2019s \u2018Inflation\u2019 Shout Fairly Accurate, Shows Data <\/p>\n
Trump wrote on Truth Social, “Prices are \u2018WAY DOWN’ in the USA, with virtually no inflation. With the exception of ridiculous, corrupt politician-approved \u2018Windmills,’ which are killing every State and Country that uses them, Energy prices are falling, \u2018big time.’ Gasoline is at many-year lows. All of this despite magnificent Tariffs, which are bringing in Trillions of Dollars from Countries that took total advantage of us, for decades, and are making America STRONG and RESPECTED AGAIN!!!”<\/p>\n
Screenshot From Donald Trump\u2019s Truth Social Account<\/p>\n
Recent data offer a mixed picture. Consumer prices rose 2.7% year over year in July, with the energy index down 1.1% on the month and gasoline down 2.2% from June, according to the Bureau of Labor Statistics. That is not “virtually no inflation,” but it is far below the 2022 peaks.<\/p>\n
At the pump, the national average for regular gasoline is about $3.19 a gallon, according to the American Automobile Association, well under the record $5.02 set in June 2022, but not at “many-year lows.” AAA notes prices dipped to roughly $3.14 a month ago and were lower in parts of 2020\u201321.<\/p>\n
See Also: Peter Schiff Asks If Bitcoin Is \u2018Digital Gold\u2019 Why Is It Trading 13% Below Record Highs Despite \u2018All The Hype\u2019 And Trump Administration Support<\/a><\/p>\n Experts Dispute Trump’s Claims About Wind Power<\/p>\n Meanwhile, experts have repeatedly disputed Trump’s wind assertions. According to a recent<\/a> Associated Press report, fact-checkers and energy analysts say turbines are not “killing” states or countries and flagged Trump’s wind claims as misleading. While construction incidents and wildlife impacts occur, wind energy’s safety and emissions profile compares favorably with fossil fuels.<\/p>\n Tariffs, BLS Ouster And Inflation Risks Ahead<\/p>\n Tariff math is also contested. Trump frequently says tariffs bring in “trillions,” but nonpartisan reviews put annual collections far lower. Treasury Secretary Scott Bessent has projected tariff revenue could eventually exceed $300 billion<\/a> a year, while independent fact-checkers say the president has exaggerated totals. A federal appeals court ruling last week also put parts of the tariff program<\/a> in legal jeopardy.<\/p>\n The debate over prices follows\u00a0Trump\u2019s firing of Bureau of Labor Statistics Commissioner\u00a0Erika McEntarfer<\/a>\u00a0after a weak July jobs report, a move critics say undermines confidence in official data. Sen. Elizabeth Warren (D-Mass) called the dismissal “dangerous.”<\/p>\n