President Donald Trump blitzed through a prime-time address to the nation on Dec. 17, but while short, Trump's speech contained a number of inaccurate or misleading claims, many of which he has repeated in public speeches for months. Trump mentioned several items, such as cars and plane tickets, that he said experienced price increases under former President Joe Biden and price decreases during Trump's own presidency. We found support for some of Trump's statistics but not others, such as the price of Thanksgiving turkeys. The president made the misleading claim that "for the first time in years, wages are rising much faster than inflation." Year-over-year wages have been rising faster than inflation since June 2023, according to Bureau of Labor Statistics figures.