Trump says inflation was 'defeated.' Some economists disagree
KEY POINTS
In a speech at the World Economic Forum in Davos, Switzerland, President Donald Trump said that the U.S. has "virtually no inflation" and that "grocery prices, energy prices, airfares, mortgage rates, rent and car payments are all coming down."
Economists say inflation "remains uncomfortably high," which has kept households under pressure.
When it comes to the expenses consumers see every day, some costs are lower than they were one year ago — but that's not the case across the board.
In the war on affordability, President Donald Trump has claimed victory over inflation
Trump said during a speech Wednesday in Davos, Switzerland, that he had "defeated" inflation and reined in consumer prices over the past year.
