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Photo: Raw Story

Trump’s Inflation Claim Draws Pushback From His Supporters

President Donald Trump used an early October 30 post on Truth Social to declare that inflation was down and incomes were up, describing the country as entering a “Golden Age.” Some users who have backed him on the platform challenged that account, citing the cost of groceries, gas and utilities and their difficulty paying bills.

One user said prices were still making it hard to get by, while another said their businesses were struggling to stay open. A different supporter warned that families’ financial strain could hurt Republicans in the election. Other replies pointed to local gas prices, including one user who said a gallon in Arkansas cost $4.99.

Year-over-year consumer prices climbed from 3.4% in August to 3.7% in September, with gasoline prices up 9.1% that month. Gas averaged $4.23 nationwide on October 29, $1.20 higher than a year earlier.

The Federal Reserve kept interest rates unchanged at its October 28 meeting, its last before the midterms. Trump has repeatedly called for lower rates; Jerome Powell and Trump’s chosen successor, Kevin Warsh, have not agreed to those demands.

Reported by Raw Story, The Daily Beast.

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