Posted on 04/29/2025 9:19:53 AM PDT by Navy Patriot
Many media outlets have claimed that President Trump’s trade policies will drive costs up. But the data indicates the exact opposite.
“I keep hearing about prices and inflation,” Trump said Friday. “Prices are coming down. Not going up.”
Recent economic reports corroborate Trump’s claim. The monthly Consumer Price Index report was negative for the first time since May 2020 (which was in Trump’s first term). The report revealed that energy prices were the big driver for the decline. Energy prices dropped 2.4%, and gasoline prices decreased by 6.1%.
“Consumer prices are dropping for the first time in years, energy prices are down, oil prices are down 20% since this President took office,” White House Press Secretary Karoline Leavitt said last week.
U.S. wholesale prices dropped in March by the biggest margin since October 2023. The Producer Price Index for March 2025 fell 0.4% from the previous month. Specifically, energy costs declined 4% and food prices dropped by 2.1%.
“Food is down,” Trump said Thursday. “Groceries, as we call them, are down.”
Additionally, March import prices went down as well. This was the first time that happened since September 2024. Trump even destroyed the short-lived Democrat talking point regarding high egg prices.
“We did an unbelievable job,” Trump said. “Now eggs are all over the place, and the price went down 92%.”
The key constant? Energy prices and costs are down. Energy prices directly affect the cost of producing and transporting goods.
“Oil is great,” Trump said. “Oil is way ahead of schedule, and that’s because of our policies.”
(Excerpt) Read more at oann.com ...
Eggs! 😳😊👍
Diesel and gas still are dropping. I filled up diesel truck yesterday at $2.84/gal. :)
Central Texas:
Gas $2.47
Diesel $2.87
Thats better than any time during the biden steal except when he was first placed in the white hut illegally.
If fuel goes down, stays lowish, so much of a factor in production and transportation of goods it will be big.
San Francisco Bay Area
Gas is about $4.85 Everywhere...
November 19, 2020
$2.27 Morgan Hill and under $2.50 everywhere...
Just finished a trip (unleaded price I paid):
Missouri: 2.89
Illinois: 3.25
Tennessee: 2.59
But wait, there’s more!
“China caves on 125% tariff for major US export after White House predicts Beijing can’t keep up
Story by Anders Hagstrom”
Except for gasoline at the pump, almost all “consumer prices” have increased.
You are correct.
Get rid of most of the tariffs (keep 10% across the board), cut taxes, and drill. Trump can have a great second term. Keep the insane tariffs and the next CPI report is going to be a disaster.
Not sure the San Francisco Bay Area is part of The United States Of America ....
We pay around double that for unleaded, and more than double for diesel here in CA.
I gotta drive to California for a family event. Not looking forward to their $7 a gallon for diesel. Last time I went diesel was near $8 (Eastern Sierras).
There’s a lot of wild talk about China right now hard to know what is true. A lot of it comes from YT and not much comes from MSM.
This is old news? Is it not?
This is what I’m seeing at Bay Area grocers. I’m hopeful for the near term future, but not much as changed at retail levels for the present. California is often a lagging indicator of consumer prices.
However, I’m still waiting to see gas prices drop.
Gas in NH is ~$2.90 and I saw diesel yesterday here at $3.59.
Fuel has dropped some but feed prices have not nor many other items have not as just bought a new battery and it was $5 more since I bought one a month ago.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.