Trump says 'those high prices' are coming down very fast: 'We're making progress'

WASHINGTON, DC: President Donald Trump on Wednesday, December 17, claimed that he is bringing "high prices down" and added that he is bringing them down "very fast".

The POTUS has often criticized former President Joe Biden and the Democrats for the rising consumer prices in the United States and has earlier mentioned that he inherited a "mess" from the previous administration.

Trump says he is not done yet in bringing the prices down

During his speech from the Diplomatic Reception Room inside the Oval Office on Wednesday, the POTUS said, "I am bringing those high prices down and bringing them down very fast."

He continued, "Let’s look at the facts - under the Biden administration, car prices rose 22 percent and in many states 30 percent or more. Gasoline rose 30 to 50 percent. Hotel rates rose 37 percent, and Airfares rose 21 percent."

"Now, under our leadership, they are all coming down and coming down fast. Democrats, politicians, also sent the cost of groceries soaring, but we are solving that too. The price of a Thanksgiving turkey was down 33 percent compared to the Biden last year," Trump said.

"The price of eggs is down 82 percent since March, and everything else is falling rapidly, and it’s not done yet, but boy are we making progress," the POTUS added. 

According to the White House, under Biden, inflation averaged nearly 5 percent and hit 9.1 percent amid the worst inflation crisis in decades, and in Trump’s second term, inflation has dropped to an average of just 2.7 percent.

Moreover, under Trump, Americans have even seen the first overall price decline since 2020, and core inflation is now lower than it was at any time during the last three years of the Biden Administration, the White House reported.

Trump says US economy holds an 'A-plus-plus-plus' grade

During an interview with Politico earlier in December, Donald Trump declared that the US economy is strong and holds an "A-plus-plus-plus-plus-plus" grade under his leadership.

"The word affordability... I inherited a mess. I inherited a total mess. Prices were at an all-time high when I came in. Prices are coming down substantially," the POTUS said in a sit-down interview with Politico.

He added, "Look at energy. You and I discussed before the interview, energy... energy has come down incredibly. When energy comes down, everything... ’cause it’s so much bigger than any other subject."

"But energy has come down incredibly. Prices are all coming down. It’s been 10 months. It’s amazing what we’ve done," Trump mentioned.

The White House and President Trump have increasingly amplified blame for the current affordability woes on Biden's leadership as voters' financial anxiety grows at the peak holiday shopping season. 

White House spokesman Kush Desai told Fox News, "Putting an end to Joe Biden’s inflation and affordability crisis has been a Day One priority for President Trump. Every Trump administration official has been playing their part over the past year to deliver on this priority."

"Much work remains, but President Trump is highlighting the meaningful progress that his Administration has made and will continue to make to turn Joe Biden’s economic disaster around,' Desai added.