Trump says costs are going down rapidly.

Some categories like airfares, hotel rates, and certain cell phone prices have seen moderate declines recently, which partly supports the claim of some cost reductions.

Grocery prices, a major component of consumer expenses, have not fallen rapidly; government data indicates they have generally remained stable or even increased over the relevant period.

Overall inflation rates have declined from historic highs inherited from the previous administration, but this decline is gradual rather than rapid or dramatic.

Some prices have indeed come down substantially in certain sectors, but others remain elevated or have risen due to various factors including supply chain issues and geopolitical events.

Independent analyses emphasize that while Trump's policies may have contributed to easing inflationary pressures, the assertion that costs broadly are 'going down rapidly' is an overstatement not fully supported by current economic data.

Additionally, some sources note that Trump tends to dismiss affordability concerns raised by critics as partisan spin, which further complicates objective assessment.