Key Points
- Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated.
- Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index.
- President Donald Trump said Friday that gasoline prices had dipped to $1.98 per gallon. However, that claim isn’t true: The retail gas price is more than $3 a gallon.
