Prices on Everything from Groceries to Gas Remain Sky-High in the Trump-Vance Economy

Nearly 80% of Americans believe Trump is not focused enough on lowering prices

Despite promising to lower prices on “Day One,” Donald Trump’s reckless tariffs and deadly and costly war with Iran have driven up prices on everything. Prices remain higher than when Trump took office, and inflation is swallowing up Americans’ paychecks as they pay more for less. 

Under Trump and Vance, the average household has spent nearly $3,800 more on goods and services, including $310 more for groceries in Trump and Vance’s first year than in 2024. Americans have already spent $72 billion more on gas since Trump started his war with Iran — an average of $604 in additional costs per family. Just yesterday, Trump said, “Right after the election… oil prices are gonna be tumbling downward.” 

REMINDER: Earlier this year, Trump admitted he doesn’t consider Americans’ financial situations “even a little bit,” and recently said he will “never apologize” for prices increasing as a result of his war with Iran. Meanwhile, Vance sent out fundraising texts, declaring, “Groceries cost what they cost” in the Trump-Vance economy.

In response, DNC Rapid Response Director Kendall Witmer released the following statement: 

“Donald Trump and JD Vance’s economic agenda continues to make life unaffordable for Americans as they grapple with sky-high prices on everything from groceries to gas. Trump promised to lower costs on ‘Day One,’ but his reckless tariffs and deadly and costly war with Iran have tanked the economy, forcing working families to choose whether to put food on the table, fill up at the tank, or go to the doctor’s office. While Trump and his family get richer and richer, Americans are pinching pennies just to make ends meet — and Trump and Vance don’t even seem to care.”

It’s no wonder Americans overwhelmingly disapprove of Trump’s economy. More than 70% of Americans disapprove of Trump’s handling of the cost of living, and a majority of voters say they are financially worse off since Trump returned to office, including nearly one in four Republicans.