This week, during a luncheon for CEOs on the sidelines of this year’s Asia-Pacific Economic Cooperation leaders summit in South Korea, Trump repeated that “energy prices are down.”
“Gasoline prices are down. Grocery prices are down,” Trump told the business executives.
Gas prices are down. Last week’s consumer price index report by the Department of Labor’s Bureau of Labor Statistics found that although gas prices increased by 4.2% during the month ending Sept. 30, they decreased by 0.5% during the year ending on that same date.
However, using the same measurement gauge, electricity prices went up. Electricity prices decreased by 0.5% during September, but they increased by 5.1% compared to last September. Simultaneously, piped gas prices also dropped by 1.2% last month, but they rose
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