{"id":1052479,"date":"2025-04-10T14:00:57","date_gmt":"2025-04-10T18:00:57","guid":{"rendered":"https:\/\/democrats.org\/?p=1052479"},"modified":"2025-04-10T14:00:58","modified_gmt":"2025-04-10T18:00:58","slug":"new-under-donald-trump-grocery-and-energy-costs-hit-a-record-high","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-under-donald-trump-grocery-and-energy-costs-hit-a-record-high\/","title":{"rendered":"NEW: Under Donald Trump, Grocery and Energy Costs Hit a Record High"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Despite spending his campaign promising to \u201cstand up<\/a>\u201d for working families, Donald Trump\u2019s chaotic economy has seen grocery<\/a> and electricity<\/a> prices skyrocket to record highs last month, while gas prices<\/a> rose across the country. As the American people beg<\/a> Trump to get the economy back on track, he\u2019s tanking<\/a> retirement funds, decimating<\/a> small businesses, and slashing<\/a> manufacturing jobs. While a \u201cTrump recession<\/a>\u201d is looming, it\u2019s clear that helping working Americans is the last thing<\/a> on Trump\u2019s mind. <\/p>\n\n\n\n

Here\u2019s a look at how Trump\u2019s unaffordable agenda is raising costs and causing chaos: <\/em><\/p>\n\n\n\n

Bureau Of Labor Statistics<\/a>: March 2025: Grocery prices rose by 0.485%, the most since October 2022, to a record high.<\/strong> <\/p>\n\n\n\n

Bureau of Labor Statistics<\/a>: The average price of electricity<\/strong> per KWH in the U.S. increased to $0.181 \u2014 the highest price on record.<\/strong> <\/p>\n\n\n\n

Patrick De Haan, @GasBuddyGuy<\/a>: \u201cAverage gas prices compared to a month ago: up in nearly all states\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cJPMorgan says recession is still likely<\/strong> despite Trump\u2019s tariff pause\u201d <\/p>\n\n\n\n

\u201cThe bank still sees a 60% chance of a US and global recession <\/strong>even after President Donald Trump issued a 90-day pause to most tariffs.\u201d <\/p>\n\n\n\n

Bloomberg<\/a>: \u201cCEOs Brace for Recession<\/strong> Even After Tariff Reprieve Boosts Stocks\u201d <\/p>\n\n\n\n

\u201cTrump<\/strong>, who came to office on a pledge to bolster economic growth and fortify the US economy, is instead unleashing a wave of panic across markets and businesses as consumers and investors try to make sense of his policies and their impacts.\u201d<\/strong><\/p>\n\n\n\n

Yale Budget Lab<\/a>: \u201cThe price level<\/strong> from all 2025 tariffs rises by 2.7% in the short-run, <\/strong>the equivalent of an average per household consumer loss of $4,400 in 2024$<\/strong> \u2026 The [long-term] price increase settles at 1.6%, a $2,600 loss per household. \u2026  <\/p>\n\n\n\n

\u201cThe 2025 tariffs disproportionately affect clothing and textiles, with consumers facing 58% higher apparel prices in the short-run. Apparel prices stay 26% higher in the long-run. \u2026 <\/strong><\/p>\n\n\n\n

\u201cUS real GDP growth is -1pp lower<\/strong> from all 2025 tariffs \u2026 the equivalent of $160 billion annually<\/strong> in 2024$. \u2026<\/p>\n\n\n\n

\u201cThe unemployment rate rises 0.5 percentage<\/strong> point by the end of 2025, and payroll employment is 700,000 lower.\u201d <\/strong><\/p>\n\n\n\n

Financial Times<\/a>: \u201cDonald Trump\u2019s Wall Street tariff rollercoaster reaches Main Street\u201d<\/strong>
<\/p>\n\n\n\n

\u201c\u2018All the printing is done in other countries, all the toys that we get are from other countries,\u2019 said Ghigliotti, who has run the store for 12 years. \u2018It\u2019s going to decimate my business.<\/strong>\u2019 \u2026 <\/p>\n\n\n\n

\u201c[Ghigliotti] was already paying 10-25 per cent more for them than she planned, upending her budget.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201c[I]nflation risks are tilted to the upside<\/strong> after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations.\u201d <\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump Is Already Slowing Global Trade<\/strong> as Companies Pause Orders\u201d <\/p>\n\n\n\n

\u201cIf anything, Trump is extending the uncertainty that has already begun to drag on business and consumer sentiment.\u201d <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite spending his campaign promising to \u201cstand up\u201d for working families, Donald Trump\u2019s chaotic economy has seen grocery and electricity prices skyrocket to record highs last month, while gas prices rose across the country. As the American people beg Trump to get the economy back on track, he\u2019s tanking retirement funds, decimating small businesses, and […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052479","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNEW: Under Donald Trump, Grocery and Energy Costs Hit a Record High - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-under-donald-trump-grocery-and-energy-costs-hit-a-record-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T18:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-10T18:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-under-donald-trump-grocery-and-energy-costs-hit-a-record-high\/\",\"url\":\"https:\/\/democrats.org\/news\/new-under-donald-trump-grocery-and-energy-costs-hit-a-record-high\/\",\"name\":\"NEW: Under Donald Trump, Grocery and Energy Costs Hit a Record High - 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