More recently, after an impressive set of victories by Democratic candidates running on #affordability issues, including #ZohranMamdani’s campaign in NYC, #Trump has taken to insisting that #prices aren’t rising [lying]. “Every price is down,” Trump claimed 2 days after the election this month. The White House put out a news release a few days later declaring that “inflation has been tamed” (it hasn’t) & that “everyday prices are beginning to drop” (they also have not).

#FactCheck #TrumpLies

Reducing illegal #immigration is a worthy goal, its long-term economic effects are complex. But #Trump’s cruel, chaotic campaign to deport & drive out undocumented immigrants is creating #labor shortages that in turn increase #prices. It is part of the reason #food prices were rising at an annual pace of 3.1% as of September, the last data released *before* the government shutdown.

#economy #inflation #affordability #CostOfLiving #recession #trumpcession #idiocracy #kakistocracy

In the early months of #Trump’s term, importers mostly absorbed those #costs rather than raising #prices to recoup the money from #consumers. Some companies said they were waiting to see if the #tariffs would last. As time has passed, companies increasingly have shifted the costs of the tariffs to their customers. Goldman Sachs estimates that the share of tariff costs borne by consumers has increased from 22% in April to 55% in Oct, & that it will continue to rise, reaching 67% by mid next year.

The annual rate of #inflation was 3% in Sept—almost exactly the same as it was on Inauguration Day.
Trump’s failure was predictable. #Prices almost never fall across the entire #economy. When they do, it tends to be because of a crisis, such as the #GreatDepression. Trump is responsible for misleading people. But he has not merely failed to keep an impossible promise. Trump has pursued policies, starting with #tariffs, that are making the problem worse by making life in the #US less #affordable.

#GiftArticle

Does Trump Know The Price Of Milk?

“From the day I take the oath of office, we’ll rapidly drive prices down & make America affordable again,” #Trump promised last summer as he ran for president. “Prices will come down. You just watch. They’ll come down fast.”

#Prices have not come down. 10 months after Trump took office, prices are still climbing. #Groceries are MORE expensive. #Electricity bills have spiked. It costs more to buy a new #car.

#economy
https://www.nytimes.com/2025/11/21/opinion/trump-prices-affordability-promises-inflation.html?unlocked_article_code=1.208.t9KN.ecs_dFZ9Xw-d&smid=nytcore-ios-share