Economic Overview - President Trump has promised Americans they would "win" on daily prices and affordability upon his return to the White House in January 2025, with mixed results in cost changes despite lower inflation [1] - Consumers are feeling the impact of rising costs in six major areas, including rent, electricity, digital services, and medical expenditures, while gasoline and credit card interest have provided some relief [2] Energy and Utility Costs - Energy prices have shown marginal increases year over year, with gasoline prices decreasing while natural gas and electricity costs have risen [3] - Home power rates have increased by 5% year over year, contributing to higher monthly bills, particularly for homeowners using natural gas for heating or cooking [4] - The gasoline index is significantly lower than last year's level, with a reported decrease of 0.5% year over year, which may help offset rising rent and grocery costs for consumers [5] Rent and Shelter Costs - Rent and housing costs are on the rise, with the Bureau of Labor Statistics estimating a shelter index increase of over 3% last year, indicating continued upward pressure on lease renewals for 2025, albeit at a slower rate than during peak inflation [6]
6 Bills That Have Gone Up and Down Since Trump Took Office
Yahoo Finance·2025-12-04 11:00