High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
CNN
Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. While wages finally began to outpace the rate at which food prices were rising last year and have continued to, Americans have, understandably, been enraged at how much it’s costing them to feed themselves.
Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. While wages finally began to outpace the rate at which food prices were rising last year and have continued to, Americans have, understandably, been enraged at how much it’s costing them to feed themselves. Voters took those feelings with them to the ballot box, where they delivered President-elect Donald Trump an overwhelming victory. A stunning 96% of voters said “high prices for gas, groceries and other goods” factored in to how they cast their ballots, according to AP VoteCast, a survey of more than 120,000 registered voters conducted from October 30 to November 5. Among the 40% of people who named that issue the single-most important factor driving their decision, nearly two-thirds voted for President-elect Donald Trump. The bout in food inflation over the last few years stems from many sources, including the pandemic; the war in Ukraine, which propped up wheat prices, a key input for many foods; as well as energy prices, which had made it more costly to transport food. With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic. However, people hoping to see their grocery receipts go down may have to brace for the exact opposite once Trump starts his second term. Here’s what going on: Speaking in front of a table of packaged foods, Trump used an August press conference to draw attention to food inflation during his campaign for president. “Grocery prices have skyrocketed,” he said.
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