A look at prices a year into the second Trump administration
Chicago Tribune • • business
Key Points:
- In the year since President Trump’s return, his administration has aggressively pursued economic policies including tariffs, funding cuts, and trade negotiations, impacting consumer prices across multiple sectors.
- Inflation rose 2.4% year-over-year in January, driven mainly by increased costs for food, electricity, and housing, though monthly inflation showed signs of cooling with a 0.2% rise.
- Prices for eggs and gasoline have decreased significantly due to targeted interventions and market factors, with egg prices dropping nearly 50% from their peak and gas prices falling below $3 per gallon for the first time since 2021.
- Conversely, costs for ground beef and electricity have surged to record highs, attributed to low domestic production and increased utility rate approvals, causing
