This week marks one year since President Trump began his term, and the Joint Economic Committee has released a new report finding that families spent $1,625 more on average due to inflation during the first year of the Trump administration.
“Despite his promises to end inflation on Day One, Donald Trump and his policies have directly contributed to rising costs across the country,” said Congresswoman Escobar. “From his devastating tariffs on the American people to his refusal to extend health insurance tax credits and more, Trump’s sole preoccupation is enriching his billionaire donors and friends at our expense.”
During his campaign, Trump repeatedly pledged that his administration would “end inflation,” and falsely claimed just recently that “inflation is stopped” and “prices are down.” However, this new Committee analysis shows that in 2025, the average household spent $1,625 more across the board – including over $320 more in housing costs and over $240 more on transportation costs. The Committee also calculated state-by-state data, finding that the average inflation cost per family in 2025 was at least $1,000 more in 47 states and Washington, D.C., with households in some states paying almost $2,400 more. In Texas, the overall average cost increase was over $1,200.
You can read the full report here.
