President Donald Trump in recent days claimed progress in his administration’s effort to tackle rising food prices. “Grocery prices are starting to go rapidly down,” Trump told an audience at the Detroit Economic Club, without citing evidence.
Hours earlier, however, fresh government data refuted Trump’s assertion, instead showing the largest monthly jump in food prices since 2022.
Prices for some household staples are soaring, a U.S. Bureau of Labor Statistics report on Tuesday showed. Coffee prices jumped nearly 20% in December compared to a year earlier, while ground beef prices climbed 15.5% over that span.
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Article URL : https://abcnews.go.com/Business/grocery-price-inflation-picking-defying-trumps-claims/story?id=129237545