Fact check: Trump claims prices “coming down fast,” here is what data says

US President Donald Trump on the night of December 17 claimed his administration is “bringing our economy back from the brink of ruin” and that prices for everything from gasoline to groceries are falling rapidly.

Speaking from the White House's Diplomatic Room, Trump said, “I am bringing those high prices down and bringing them down very fast. Let's look at the facts.”

Trump highlighted sharp decreases in gas, hotel, and airfare costs, and claimed egg prices have dropped 82% since March.

“Now, under our leadership, they are all coming down and coming down fast. Democrat politicians also sent the cost of groceries soaring, but we are solving that, too,” he added.

ABC News reviewed the latest data from the Bureau of Labor Statistics (BLS) and found that while some of Trump’s claims have a kernel of truth, others are exaggerated or misleading.

Gas Prices

Trump’s claim that gas prices have fallen sharply is partially accurate. AAA reports that gas peaked at $5.016 per gallon in June 2022 under Biden, and the current average is $2.998 — nearly a 50% drop from the peak. However, year-over-year comparisons show gas prices have fallen only 0.5% from September 2024 to September 2025.

Airfare

Contrary to Trump’s claims, airline fares have risen 3.2% over the past year, according to BLS data.

Hotel Rates

Hotel prices have declined only 0.8% over the past year, while car rentals are down 5.0%.

Groceries

Egg prices fell from $6.23 in March to $3.49 in September — a 43% decrease, not the 82% claimed. Prices were heavily affected by the avian flu. Meanwhile, overall meat prices are up 8.5%, beef is up 14.7%, and coffee has risen 18.9% due in part to tariffs on Brazil, though recent exemptions may ease costs.

While some figures support Trump’s broader narrative of falling costs, many others show only modest decreases or continued price increases. 

By Sabina Mammadli