Key facts
- Most Americans blame President Donald Trump for persistently high prices.
- 65% of U.S. adults blame Trump's policies for high costs, according to an AP-NORC poll.
- Only 17% of U.S. adults approve of Trump's handling of the cost of living.
- Consumer Price Index rose 3.0% year-on-year in September 2025.
- Economists project inflation may have accelerated to 3.1% in November 2025.
President Donald Trump has asserted that Democratic policies are responsible for high consumer prices, claiming his administration was successfully reducing costs. However, official data and expert analysis challenge these assertions. The Consumer Price Index rose 3.0% year-on-year in September 2025, and economists project further acceleration. A new AP-NORC poll indicates that 65% of Americans blame Trump's policies for persistent high costs, with only 17% approving of his handling of the economy.