Trump Claims June's CPI Fell Faster Than Every Economist Forecast
Trump says gasoline, electricity, auto insurance and hotel prices all dropped while real wages climbed 0.8% in June.
- June's CPI missed forecasts from every one of 67 economists Bloomberg polled, per Trump's post.
- Gasoline, electricity, auto insurance, hotel and prescription drug prices all fell in June, he says.
- Trump also cites surging factory construction and rising manufacturing jobs as investment pours in.
Why it matters: Announcing a data print first does not make it true; only the agency that compiles it does.