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The Guardian - US
The Guardian - US
Business
Tom Perkins

Trump says affordability crisis is over. Voters and data disagree

Donald Trump United States US Federal Reserve Josh Bivens Inflation BMW Levi NIke Supply chain
people shop for groceries
People rush to get groceries after waiting in line for the opening of a Trader Joe's grocery store on 22 February 2026 in New York City. Photograph: Ryan Murphy/Getty Images

The affordability crisis is over, Donald Trump told the US on Tuesday. The president’s state of the union address put the blame for soaring prices squarely on the “dirty, rotten” lies of the Democrats and claimed prices were now “plummeting downward”.

“Soon you will see numbers that few people would think were possible to achieve just a short time ago,” Trump said.

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