"If something sounds too good to be true, a realist would suggest that's because it might be. When President Trump promised on the campaign trail to "end inflation," it might have been one of those moments. Economists may have been surprised by the campaign pledge because low, stable inflation is a symptom of a healthy economy. When consumers can expect relative price rises, they can plan their spending and saving accordingly, while businesses can also reasonably budget for increased costs."
"Latest data from the Bureau of Labor Statistics shows the annual rate of inflation currently sits at 2.7%. Recent analysis, shared exclusively with Fortune, from Senator Elizabeth Warren's team at the Senate Banking, Housing and Urban Affairs Committee reports this year-on-year increase equates to an added cost of $2,120 per household, assuming they purchased the same goods and services in 2025 that they bought in 2024. That includes an increase of $123 on electricity bills and $150 on groceries."
Inflation ran above the Federal Reserve's 2% target through 2024 and measured 2.7% year-over-year according to the Bureau of Labor Statistics. That rate amounts to an added cost of $2,120 per household year-over-year, including $123 more for electricity and $150 more for groceries. Low, stable inflation supports consumer and business planning, while campaign promises to "end inflation" contrasted with economic realities. Policy measures in 2025, notably broad tariff increases announced on April 2 and subsequent agreements that raised levies, may have further pushed prices upward.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]