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Trump claims inflation falling, but US data shows higher CPI
President Donald Trump said on October 30 that inflation has dropped and incomes are rising, a view that could briefly boost demand for Bitcoin and U.S. stocks. However, U.S. Bureau of Labor Statistics data for September shows the annual consumer price index rose to 3.7% from 3.4% in August, with a monthly increase of 0.6%, and core CPI at 2.6%. Producer prices also climbed, with final demand PPI up 1.3% month‑over‑month, raising the annual rate to 6.3%. A FactCheck review noted inflation‑adjusted weekly earnings rose only 0.94% during Trump’s first 20 months in office. The article suggests any rally driven by Trump’s optimism may be short‑lived if inflation remains sticky.