Inflation is still at 3%. The goal is 2%. The official numbers are 2.7%, but they just assume steady prices on objects they don’t have data on due to the government shutdown. Other experts who don’t just assume steady prices, estimate three percent.
If Trump successfully abuses the rule of law and uses lawfare to gain control over the Fed, inflation will likely go higher.
Before Trump’s new tariffs, inflation was getting close to 2%.
Global warming is a contributor to increased electricity prices, then politicians use high electricity prices to argue that we need more fossil fuel based electricity, which drives global warming higher.
Private electricity companies are supposed to have their prices managed by governments because they form natural monopolies, but they make tons of money because they capture the government and screw over the electricity user.
“Affordability “doesn’t mean anything to anybody,” said President Donald Trump during a Tuesday Cabinet meeting at the White House, saying it’s a “fake narrative” and “con job” that Democrats manufactured to hoodwink the public.
“They just say the word,” Trump added. “It doesn’t mean anything to anybody. They just say it—affordability. I inherited the worst inflation in history. There was no affordability. Nobody could afford anything.”
In classic Trump fashion, this is an about-face. Just a few days prior, he declared on Truth Social, “I AM THE AFFORDABILITY PRESIDENT” when touting falling drug prices.”
“The word affordability is a Democrat scam,” he said. “They say it, and then they go on to the next subject. And everyone thinks, ‘Oh, they had lower prices.'”
Estimates on who is paying for tariffs so far break down like this: 4% paid for by foreigners; 70% paid for by importing companies; 26% paid for by American consumers.
“Retail giants have proven more adept than expected at cushioning the blow of President Donald Trump’s steep tariff hikes over the spring and summer, keeping prices for consumer goods from surging this year by as much as many economists anticipated. But business executives and corporate analysts are warning they can’t do that forever.
“In the first half of next year, we are concerned that consumers are going to start to see the price increases become a little more broad based, and there may not be all the [holiday sales] promotion to help clear through some of that,” Joseph Feldman, a senior managing director at Telsey Advisory Group, who focuses on the retail sector, said in an interview. “So that could be a little bit of a sticker shock for some people.”
That could come as soon as January, according to economists, as holiday discounts come to a close and retailers run low on inventory they secured at pre-tariff prices.”
“While annual inflation through August 2025 came in at 2.9 percent, the price of audio equipment like new speakers had risen 12.2 percent. “They’re some of the few electronics not exempt from tariffs (most smartphones/computers are still tariff-free),””
“”Walmart just announced that the cost of their standard Thanksgiving meal is reduced by 25 percent this year from last year,” Trump said recently, failing to account for the fact that the price change is due to Walmart…changing the goods offered via their Thanksgiving meal bundle (and drastically shrinking its size) to get prices lower for cost-burdened consumers.”