Prices were a key issue in 2024, but Trump makes clear they're not his top priority
1 month, 3 weeks ago

Prices were a key issue in 2024, but Trump makes clear they're not his top priority

NPR  

Prices were a key issue in 2024, but Trump makes clear they're not his top priority toggle caption Chip Somodevilla/Getty Images For as much that has happened in these first two weeks of the Trump presidency — and it's been a lot — one particular thing has been conspicuously absent: a focus on lowering prices. A top problem Trump said he would fix Undoubtedly, though, higher than pre-pandemic prices and high interest rates intended to curb inflation put Americans in a bad mood — and is a big reason, if not the reason, Trump won in 2024. "I won on the border, and I won on groceries," Trump said on NBC's Meet the Press in his first interview after the election. Sponsor Message Another then-undecided voter, John from Miami, said he considered himself a "liberal union Democrat" also voted for Obama twice and volunteered on Bill Clinton's campaigns.

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History of this topic

Trump has glossed over high prices. Republicans worry it will cost them.
2 weeks, 5 days ago

Trump has glossed over high prices. Republicans worry it will cost them.

Live Mint  

WASHINGTON—President Trump promised during the campaign to lower prices on day one of his presidency. Kemp said Georgia voters were generally happy with Trump’s performance so far and blamed former President Joe Biden for higher inflation. View Full Image President Trump’s early executive actions have focused largely on immigration and retooling the federal government and not on high inflation. The …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
3 weeks, 5 days ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

Trump is one month in and Americans are already mad at him about inflation
1 month ago

Trump is one month in and Americans are already mad at him about inflation

CNN  

CNN — On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. And despite Trump’s promise to “drill, baby, drill” to bring gas prices down, Americans are paying four cents more for a gallon of regular fuel on average than when he returned to the White House on January 20, …

It’s easy to guess why Trump has quit talking about inflation
1 month ago

It’s easy to guess why Trump has quit talking about inflation

Live Mint  

President Donald Trump has taken a sledgehammer to the US federal government, renamed the Gulf of Mexico, revived plastic straws and pledged to own Gaza, but has done little to address inflation. “No, I think we’re gonna become a rich, look, we aren’t that rich right now, we owe $36 trillion, that’s because we let all these nations take advantage …

Inflation helped Trump get elected. Now it’s his problem.
1 month, 1 week ago

Inflation helped Trump get elected. Now it’s his problem.

Live Mint  

Nothing did more to deliver the White House to Donald Trump than inflation, which helped to sour Americans on former President Joe Biden’s economy. The problem is that Trump has inherited inflation above the Federal Reserve’s 2% target, and his agenda risks keeping it there, making it harder to bring down interest rates. On social media Wednesday, Trump called for …

Inflation is Trump’s problem now
1 month, 1 week ago

Inflation is Trump’s problem now

CNN  

New York CNN — President Donald Trump has a rhetorical style that can be hard to follow. The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. “Blame Biden” satisfies Trump’s need for a simple-to-understand villain, regardless of its accuracy. Trump’s economic agenda doesn’t have much …

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January
1 month, 1 week ago

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of groceries, gas, and used cars are increasing with the rise in …

Trump’s Grocery Prices Promise Hit By Surging Inflation
1 month, 1 week ago

Trump’s Grocery Prices Promise Hit By Surging Inflation

Huff Post  

LOADING ERROR LOADING President Donald Trump’s election promise to bring down the cost of living took a bruising Wednesday as figures showed that U.S. inflation surged last month. The unexpectedly hot inflation figures blow a hole in one of Trump’s biggest pledges on the campaign trail. We’re going to get the prices down.” Yet shortly after the election, Trump started …

Trump lays out plan to battle inflation that he says will make America 'powerful again'
1 month, 3 weeks ago

Trump lays out plan to battle inflation that he says will make America 'powerful again'

Raw Story  

President Donald Trump on Wednesday revealed his long awaited plan to battle inflation and cut prices for consumers now that he has returned to the White House equipped with a Republican-controlled Congress. “Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International …

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?
1 month, 3 weeks ago

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?

Associated Press  

WASHINGTON — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. We’re going to bring those prices way down.” But in Trump’s first week back in the White House, there was little in his initial blitz of …

Trumponomics is back: Tech-bros are delighted, but the price of eggs is soaring
1 month, 3 weeks ago

Trumponomics is back: Tech-bros are delighted, but the price of eggs is soaring

Salon  

During the presidential campaign last year, Donald Trump made a series of speeches and appearances at economic clubs around the country. Trump evidently believes he won the election because he used the word "groceries," which he thinks was a unique and brilliant innovation that he was the first to deploy in a presidential campaign. As NBC News reports, one of …

Boosting gas output while keeping prices low a tough task for Trump
2 months ago

Boosting gas output while keeping prices low a tough task for Trump

The Hindu  

Gavin Maguire It may take more than a Sharpie pen and White House cheerleading to change natural gas output levels in the United States. But even with faster permitting for exploration and sales, the new Trump administration may struggle to boost U.S. gas output without help from local and international prices. If gas prices trend steadily higher in 2025, Mr. …

Trump ran on promise to lower grocery prices — few Americans now believe he will
2 months ago

Trump ran on promise to lower grocery prices — few Americans now believe he will

Raw Story  

Just days before he is set to raise his right hand and place his left on a Bible to swear an oath to the Constitution, President-elect Donald Trump faces low public confidence in his ability to fulfill one of his top campaign promises: lowering the price of groceries. “From the day I take the oath of office, we’ll rapidly drive …

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?
2 months, 1 week ago

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?

NPR  

Inflation remains stubbornly high for many Americans. toggle caption Robyn Beck/AFP via Getty Images Inflation has been an economic scourge for many Americans under President Biden — and it could remain a continued problem under Donald Trump. Sponsor Message And now, economists worry inflation could get worse under Trump. toggle caption Andrew Harnik/Getty Images/Getty Images North America Why Trump could …

Economists are worried Trump will cause 'rising inflation and slowing growth': report
2 months, 2 weeks ago

Economists are worried Trump will cause 'rising inflation and slowing growth': report

Raw Story  

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Fortune reported that more than 200 economists were questioned about the future of the U.S., and many confessed a fear of "rising inflation and slowing growth." In their report, the Financial Times and the University of Chicago …

What to expect for gas prices in 2025
2 months, 3 weeks ago

What to expect for gas prices in 2025

CNN  

New York CNN — More good news is coming to inflation-weary drivers: Gas prices are expected to drop in 2025 for the third straight year, according to GasBuddy projections shared exclusively with CNN. However, De Haan warned that this projection for tame gas prices could be disrupted by several X-factors, including President-elect Donald Trump’s threatened tariffs on Canada and Mexico. …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
2 months, 3 weeks ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
3 months, 1 week ago

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices

Huff Post  

LOADING ERROR LOADING President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.” “We will end inflation and make America affordable …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
3 months, 1 week ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 1 week ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

Trump has a problem: America's economy is growing but so is its inflation
3 months, 3 weeks ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"
3 months, 3 weeks ago

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"

Salon  

Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow …

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.
4 months, 1 week ago

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.

Huff Post  

SOPA Images via Getty Images Graffiti by the Portuguese artist Kilos depicts Donald Trump with a banana in his mouth. Dietrich Vollrath, professor and chair of economics at the University of Houston, told HuffPost that if the tariff on foreign products is 20% or more, “grocery prices will be demonstrably and persistently higher.” “If Trump signs an executive order mandating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
4 months, 1 week ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
4 months, 1 week ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
4 months, 1 week ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

Fed up with high prices? Here's where things stand with inflation
4 months, 1 week ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
4 months, 1 week ago

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns

CNN  

New York CNN — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. “President …

Voter frustration with rising prices had a major impact on the election
4 months, 1 week ago

Voter frustration with rising prices had a major impact on the election

NPR  

Voter frustration with rising prices had a major impact on the election We look at the impact of inflation on the outcome of the presidential elections this week. Maziar Minovi, who heads the Eurasia Group, has studied dozens of elections going back decades and found whenever there's a sustained period of high inflation, voters are twice as likely to lose …

Inflation versus wages: Trump’s stunning comeback explained in two charts
4 months, 2 weeks ago

Inflation versus wages: Trump’s stunning comeback explained in two charts

Al Jazeera  

The rise in prices under the Biden administration proved fatal to Kamala Harris’s election hopes. In exit polls, 45 percent of voters said they were worse off than four years ago, when President Joe Biden took office, versus just 24 percent who said their financial situation had improved. Voters who named inflation as their number one concern broke for Trump …

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins
4 months, 3 weeks ago

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins

Daily Mail  

Conservative-leaning economists are warning that Donald Trump's policies could trigger a new surge in inflation. Both Trump and Vice President Kamala Harris have put forward policies that they claim will keep inflation under control, while boosting growth for the US economy. Conservative-leaning economists are warning that Donald Trump's policies could cause a spike in inflation A second Trump term would …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
5 months ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
5 months, 1 week ago

Trump's economic plans would worsen inflation, experts say

New Indian Express  

WASHINGTON: With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. Last month, the Peterson …

Trump’s promises would spike inflation and wipe out jobs, study finds
5 months, 3 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers
7 months ago

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers

Salon  

Donald Trump told voters during a speech last week that he would bring prices back to pre-COVID levels if elected, drawing heavy skepticism from economists who have studied his proposals. Related A survey of economists found most believe inflation would get worse under Trump He explained that Trump isn’t trying to slow the rate of inflation by increasing prices at …

Conservative admits Trump’s policies 'would result in price spikes' for most Americans
9 months, 2 weeks ago

Conservative admits Trump’s policies 'would result in price spikes' for most Americans

Raw Story  

One plank of former President Donald Trump's 2024 campaign is lowering prices for gas and groceries, which remains a top concern of most American voters. But at least one economic expert is doubtful that Trump's policies would do anything to make goods more affordable — in fact, he says prices will likely jump even higher under a second Trump administration. …

US inflation eased last month in the first slowdown of 2024
10 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year
1 year ago

Surprise rise in inflation to 3.2% driven by soaring gas prices - with fears cost to fill up a car will keep rising and hamper Biden's plan to cut inflation in election year

Daily Mail  

President Biden today welcomed new inflation data despite it showing costs have risen 3.2 percent in the last year. Pictured: during a speech at a YMCA March 11, 2024 Inflation rose slightly to 3.2 percent in February as prices were pushed up by housing costs and gas The inflation figure plays a big part in the whether the Federal Reserve …

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon
2 years, 2 months ago

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery President Joe Biden listens during an event about infrastructure in …

US inflation surges again in June, raising risks for economy
2 years, 8 months ago

US inflation surges again in June, raising risks for economy

Associated Press  

WASHINGTON — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession. The government’s consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981, …

US inflation jumps 9.1 percent in June to fresh four-decade high
2 years, 8 months ago

US inflation jumps 9.1 percent in June to fresh four-decade high

Al Jazeera  

The rise in the CPI gives the Federal Reserve – the US central bank – free rein to hike interest rates further later this month. US inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the economic expansion. The consumer price index rose 9.1% from …

Crippling cost of living continues: Gas price rockets to $5.014 a gallon, food prices hike 12%
2 years, 9 months ago

Crippling cost of living continues: Gas price rockets to $5.014 a gallon, food prices hike 12%

Daily Mail  

The average cost of a gallon of gasoline in the US has risen to $5.014 as grocery costs saw the highest surge in a year since 1979. Surveys show that Americans see high inflation as the nation's top problem, and most disapprove of Biden's handling of the economy After the release of the Labor Department's May numbers, President Biden finally …

Several factors are converging to push gas prices higher
2 years, 9 months ago

Several factors are converging to push gas prices higher

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The United States is the world's largest oil …

US inflation dips from 4-decade high but still causing pain
2 years, 10 months ago

US inflation dips from 4-decade high but still causing pain

Associated Press  

WASHINGTON — Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices. Those price jumps “make clear that there is still a long way to go before inflation returns to more acceptable levels,” said Eric Winograd, U.S. economist at asset …

President Biden doesn’t have a silver bullet for inflation
2 years, 10 months ago

President Biden doesn’t have a silver bullet for inflation

CNN  

New York CNN Business — I can’t remember a more difficult, complicated set of factors at play all at once in the economy – with no road map. Morgan Stanley put it this way on Sunday: “We live in the most chaotic, hard-to-predict macroeconomic times in decades.” You can see it in the punishing sell-off this year in stocks: The …

Biden aims to do what presidents often can’t: Beat inflation
3 years, 3 months ago

Biden aims to do what presidents often can’t: Beat inflation

Associated Press  

WASHINGTON — LBJ tried jawboning. The Ford administration printed buttons exhorting Americans to “Whip Inflation Now.’’ Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation. Confronting a spike in gasoline and other consumer prices that’s bedeviling American households, Biden on Tuesday ordered the release of 50 …

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