{"id":274362,"date":"2025-04-17T20:50:51","date_gmt":"2025-04-17T20:50:51","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/17\/hows-it-going-trump-on-8-9-2024-starting-on-day-one-we-will-end-inflation-and-make-america-affordable-again-to-bring-down-the-prices-of-all-goods\/"},"modified":"2025-06-25T17:08:49","modified_gmt":"2025-06-25T17:08:49","slug":"hows-it-going-trump-on-8-9-2024-starting-on-day-one-we-will-end-inflation-and-make-america-affordable-again-to-bring-down-the-prices-of-all-goods","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/17\/hows-it-going-trump-on-8-9-2024-starting-on-day-one-we-will-end-inflation-and-make-america-affordable-again-to-bring-down-the-prices-of-all-goods\/","title":{"rendered":"How\u2019s It Going? Trump on 8\/9\/2024: \u201cStarting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods.\u201d"},"content":{"rendered":"

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Here\u2019s a visual sit-rep on prices for Americans.<\/p>\n

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Figure 1: CPI \u2013 all urban (blue), CPI food at home (green), AIER Everyday Price Index (tan), all in logs 2024M12=0. Source: BLS, AIER, and author\u2019s calculations.<\/em><\/p>\n

It is interesting that the AIER\u2019s Everyday Price Index, aimed at measuring the costs of nondeferrable expenses \u2013 has risen faster than the CPI.<\/p>\n

The USDA Economic Research Service does not project a decline in food at home (aka groceries) prices.<\/p>\n

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Figure 2:<\/strong>\u00a0CPI for food at home (black), USDA Economic Research Service forecast from January (blue square), from February (red triangle), from March (green inverted triangle), on log scale. Source: BLS via FRED,\u00a0ERS<\/a>, author\u2019s calculations.<\/em><\/p>\n

Since Figure 2 is drawn with a vertical log scale, the steepening trajectories indicate upward revisions in the trajectory of prices.<\/p>\n<\/p><\/div>\n

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