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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

US prices continued to rise despite Trump claims they are ‘rapidly’ falling

Donald Trump United States US Federal Reserve Inflation Jerome Powell Government Shutdown
fruit displays in a grocery store are visible between two people out of focus in the foreground
People shop at a grocery store in New York on 13 December 2025. Photograph: Charly Triballeau/AFP/Getty Images

US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch.

The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month.

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