Trump recently proclaimed inflation to be 'defeated,' coinciding with the Federal Reserve's cut in interest rates. Yet, the reality paints a starkly different picture. Many consumers are still grappling with elevated prices that refuse to budge.

Key points include:

• Trump's assertion of victory over inflation.
• The Fed's recent rate cuts.
• Continued high prices impacting everyday Americans.
• The disconnect between political rhetoric and economic reality.

Here's the full scoop.