President Donald Trump told a campaign-style rally that consumer prices are falling “tremendously” as he sought to allay voter anxiety about the US cost of living.

In a speech at a casino in the battleground state of Pennsylvania, the president told supporters he had “no higher priority than making America affordable again”.

But while gas and egg prices have fallen, other food is more expensive and Americans remain unhappy about the cost of housing, childcare and healthcare.

But at one point in his remarks, the Republican president again portrayed concerns about affordability as a Democratic “hoax”.

The White House blames Biden and US central bank interest rates for the lingering economic pain.