Trump’s Economy at One Year: Food Prices, Stock Market and More
The New York Times • • business
Key Points:
- President Trump promised to end inflation, revive manufacturing jobs, and boost the economy in his 2024 campaign, but after one year back in office, these goals remain largely unmet despite some economic resilience.
- Food inflation has slowed since 2022 but saw a significant increase in December 2025, with mixed price changes across grocery categories; overall inflation might have cooled more without tariffs on many imported goods.
- Gasoline prices have decreased to an average of $2.78 per gallon, though not reaching Trump's sub-$2 promise, largely due to factors predating his return, while electricity prices have risen notably, partly driven by increased demand from AI data centers.
- Manufacturing employment has declined for eight consecutive months, with no significant rebound in auto
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