“When I win, I will immediately bring prices down, starting on day one,” Donald Trump said in an August press conference, also vowing to slash gas prices by 50%.
Trump’s economic promises likely gave him the boost needed to win the election, as Americans have been hit hard by inflation, which increased year-over-year by 5.2% over Biden’s tenure.
How is President Trump doing on his promises to “bring prices down?” From his first day in office (1/20/25) and the 15th of every month, I will keep track of my cart of 22 grocery items from my local Walmart. The items range from household essentials (toilet paper, paper towels, dish soap) to popular food items (milk, eggs, chicken).
I’m tracking eight popular electronics items from my local Best Buy, including a GE top-loading washer and dryer, a Samsung 55-inch smart TV, an HP Chromebook and Apple AirPods.
I’m tracking fuel prices from the five closest gas stations to my home, as well as my 401(k) monthly rate of return (from Fidelity) and my home value (from Zillow).
I will also list the major stock market closing numbers (S&P 500, Nasdaq and Dow Jones Industrial Average) on the 15th of every month (or the closest day to it if the market is closed), the monthly unemployment rate and the monthly rate of inflation. The latter two reports are the only federal government data I am using for this analysis.
I don’t pretend to think this reporting technique is comprehensive or “scientific.” The grocery, electronics and fuel prices represent prices in Athens, Georgia. The home value and 401(k) reports are from my personal accounts. But that’s exactly what makes this reporting unique. Instead of relying on abstract national data produced by the government, the goal of this reporting is to see the impact (positive or negative) of the Trump presidency on the economy from a real, personal standpoint.
My spreadsheet of prices will also be publicly available through Google Sheets. I also have screenshots of all prices, which I will publish as soon as I find an appropriate way to display them.
