Inflation List: Insightful Guide to Everyday Price Changes.
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US Elections
The US has a national election every two years. We suggest you review the inflation list evidence here at InflationList.com during each election cycle as part of your decision making process before deciding who to vote for.
Before 2024 Presidential Election
“Prices will come down,” Trump said during a rally in August. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
“We will end inflation and make America affordable again, and we’re going to get the prices down, we have to get them down,” Trump said at a rally in September. “It’s too much. Groceries, cars, everything. We’re going to get the prices down.”
“We will cut your taxes and inflation, slash your prices, raise your wages and bring thousands of factories back to America,” Trump said at a Georgia rally in October, reciting a line he used in speeches at several other events.
After 2024 Presidential Election
Trump told Time in an hourlong interview for its “Person of the Year” feature that his presidency wouldn’t be a failure if he failed to bring the price of groceries down.
“I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” Trump said, according to the transcript.
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2023 Household Income:
Real median household income was $80,610 in 2023, a 4.0 percent increase from the 2022 estimate of $77,540 (Figure 1 and Table A-1). This is the first statistically significant annual increase in real median household income since 2019.
Real median household incomes increased by 5.4 percent for White households and by 5.7 percent for non-Hispanic White households between 2022 and 2023. There was no significant change in median incomes for Black, Asian, and Hispanic households (Figure 2 and Table A-1).
US October 2024 12-Month CPI Inflation Rate: 2.6%
The US Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by US urban consumers for a market basket of consumer goods and services.
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