"President Donald Trump entered office in January with a signature vow: he would end inflation on Day One and bring prices way down. These were not vague gestures toward policy direction. They were explicit, repeated guarantees that the economic squeeze of the Biden years would ease quickly under his watch. Nearly a year later, those promises are colliding with stubborn economic reality."
"According to the latest Consumer Price Index, headline inflation is up 3.0% year-over-year, roughly the same level as Biden's final months. The food index is up 3.1%, and food at homethe grocery aisle categoryhas risen 2.7% year-over-year, compared to about 1.8% during most of 2024. Milk, eggs, chicken, and ground beef are all incrementally more expensive than they were a year ago."
"As families head into the holiday season, that gap between promise and reality becomes harder to ignore. Thanksgiving dinner costs are up roughly 4% from last year. Christmas shopping budgets are strained by the same stubborn prices Trump vowed to eliminate. These aren't policy abstractionsthey're the moments when economic anxiety stops being background noise and becomes a seat at the table."
President Donald Trump promised to end inflation on Day One and bring prices down. Nearly a year later, headline Consumer Price Index inflation is up 3.0% year-over-year, about the same as the previous administration's final months. The food index rose 3.1% and grocery prices increased 2.7% year-over-year compared with roughly 1.8% during most of 2024. Milk, eggs, chicken, and ground beef cost more than a year ago. Rent continues to climb at an annual rate of 56%. Thanksgiving and Christmas expenses are higher, tightening household budgets. Supply chains, housing shortages, energy markets, and tariffs all affect price persistence.
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