NEW DATA: Lower Prices, Bigger Paychecks

Date:

President Donald J. Trump’s bold economic agenda is delivering real results for American families — with new data from DoorDash’s State of Local Commerce report confirming that inflation has been tamed, everyday prices are beginning to drop, and wages are growing.

From breakfast tables to store shelves, President Trump’s agenda is lowering costs when families need it the most — fueling an economic comeback that is only just beginning as President Trump works to Make America Affordable Again.

Here are the main takeaways:

  • The Breakfast Basics Index — which measures the price of three eggs, a glass of milk, a bagel, and an avocado — decreased 14% between March and September and 1.7% over the past year.
  • The Everyday Essentials Index — which measures the price of toothpaste, shampoo, toilet paper, laundry detergent, pain medicine, and diapers — fell over the past year.
  • Over the past year, prices actually declined for cheese, cereals & bars, fresh fruits, frozen meals, packaged meals, condiments, batteries, computers & accessories, phones & accessories, medicines, oral care, vitamins & supplements, outdoor products, and toys & games.
  • Nationally, wage growth is outpacing restaurant price increases — including at the city level in half of the cities studied.
  • 56% of consumers say they’ve seen fewer businesses close in their communities over the past year.
  • Overall food spend has increased by nearly 5% over last year — faster than prices have risen, suggesting “consumers are buying more from businesses in their communities.”

 

President Donald J. Trump’s bold economic agenda is delivering real results for American families — with new data from DoorDash’s State of Local Commerce report confirming that inflation has been tamed, everyday prices are beginning to drop, and wages are growing.

From breakfast tables to store shelves, President Trump’s agenda is lowering costs when families need it the most — fueling an economic comeback that is only just beginning as President Trump works to Make America Affordable Again.

Here are the main takeaways:

  • The Breakfast Basics Index — which measures the price of three eggs, a glass of milk, a bagel, and an avocado — decreased 14% between March and September and 1.7% over the past year.
  • The Everyday Essentials Index — which measures the price of toothpaste, shampoo, toilet paper, laundry detergent, pain medicine, and diapers — fell over the past year.
  • Over the past year, prices actually declined for cheese, cereals & bars, fresh fruits, frozen meals, packaged meals, condiments, batteries, computers & accessories, phones & accessories, medicines, oral care, vitamins & supplements, outdoor products, and toys & games.
  • Nationally, wage growth is outpacing restaurant price increases — including at the city level in half of the cities studied.
  • 56% of consumers say they’ve seen fewer businesses close in their communities over the past year.
  • Overall food spend has increased by nearly 5% over last year — faster than prices have risen, suggesting “consumers are buying more from businesses in their communities.”

 

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