Throughout his marketing campaign for the presidency, Donald Trump centered on the growing worth of groceries to assault Joe Biden and Kamala Harris. If elected, Trump mentioned he would “defeat inflation” and convey meals costs down.
Trump has the identical message now that he’s in workplace. In April, he posted on his Fact Social account, “groceries (even eggs!) are down.”
However meals costs, together with these of eggs, proceed to rise.
Grocery costs have sharply elevated for the reason that Fifties, in line with knowledge from the Federal Reserve Financial institution of St. Louis, and that pattern has continued by means of the primary three months of 2025.
These days, meals costs have even elevated past the speed of inflation for all client objects. Nevertheless, in 2024, customers skilled some aid — costs continued to rise, however not as quick as in earlier years.
Egg costs reached a median of $6.23 per dozen in March, a report excessive, in line with the Federal Reserve Financial institution. Information for April might be launched in Could so it’s doable costs have gone down prior to now month, in line with CNN.
As meals costs enhance, some customers are resorting to purchase now-pay later loans to buy groceries, in line with CNBC.
The loans are a substitute for bank cards and don’t cost curiosity. They permit customers to separate purchases into a number of smaller funds. Nevertheless, customers will be charged excessive charges in the event that they pay the mortgage again late, in line with CNBC.
Information Harvest (previously Graphic of the Week) is Examine Midwest’s approach of creating complicated agricultural knowledge straightforward to grasp. By means of participating graphics, charts, and maps, we break down key traits to assist readers shortly grasp the forces shaping farming, meals techniques, and rural communities. Need us to discover different knowledge traits? Tell us right here.
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