President Trump recently stated that prices are ‘all coming down now,’ but official federal data indicates that this is not the case. Since Trump began his second term in January 2025, prices have increased by about 4.3%, with groceries rising by 3.4%. The Iran war has particularly boosted energy prices, with gasoline up by 34% since Trump took office.

Inflation and Consumer Prices

While some items, such as eggs, bacon, and bread, have decreased in price, many common consumer goods have increased in price. Airfare, electricity, and housing and clothing have risen faster than the overall 4.3% increase. The slowest increase was in durable goods, which have held steady in price. Prices for new and used cars have fallen modestly.

Gasoline and energy prices remain high since the Iran war, with prices peaking at about $4.50 a gallon in mid-May. Although the price has since fallen to about $4.21, it’s still above its pre-war level of $2.94. Wages have increased faster than prices for much of Trump’s second term, but the inflation bump since the war started has slowed this progress.

Original reporting: 40/29 / KHBS (NW Arkansas) — read the source article.