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U.S. President Donald Trump has claimed that Walmart reduced product prices at his administration’s request. In a social media post, Trump said the retail giant agreed to lower prices, including a 15 percent cut on ground beef, to mark the nation’s 250th anniversary. However, Walmart’s official statement made no mention of any government involvement, saying the decision was aimed at giving customers and Sam’s Club members better value during the summer season.

The announcement comes as Trump faces criticism over rising inflation during his tenure, which increased from 3 percent to 4.2 percent over the past year. The president has blamed Democrats for high prices and mocked them as “communists” ahead of the upcoming midterm elections. Walmart, which benefited from higher consumer traffic amid inflation, said it would also reduce prices on corn, cherries, ice cream, potato chips, and soft drinks.

According to the Bureau of Labor Statistics, inflation remains elevated, though a temporary truce with Iran has eased oil prices slightly, potentially reducing pressure on consumers.

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