Last night, President Trump spoke in Pennsylvania about the cost of living, an important issue for many Americans. With the 2026 midterm elections on the horizon, he plans to share more about the economy in future speeches.
Here are some claims from his address that merit closer examination.
First, Trump stated that “the price of eggs is down 80% since March.” Currently, a dozen eggs costs about $3.48, according to the US Bureau of Labor Statistics. In March 2025, the price was about $6.23, the highest it had been. While it’s true that the price has dropped, it’s not as drastic as Trump suggested.
Trump also claimed that “inflation is stopped” under his leadership. Yet, recent data shows that prices are still rising. The Bureau of Labor Statistics reported a 3% increase in the Consumer Price Index over the past year. This rate remains the same as when Trump took office for his second term in January 2025.
Inflation peaked at 9% under President Biden in June 2022, largely due to the effects of the COVID-19 pandemic and a global energy crisis. Trump has often said he “inherited the worst inflation in the history of our country.” However, data from the Bureau of Labor Statistics reveals that inflation rates were actually higher during the 1920s.
To sum up, while it’s essential to track these claims, understanding the context and data behind them gives a clearer picture of the economic situation.
For a more in-depth look at inflation trends, you can visit the Bureau of Labor Statistics for up-to-date information and context.
