Today, one year since President Trump began his term, the Joint Economic Committee – Minority released a new report finding that during his first year in office, families spent $1,625 more on average due to inflation.

During his campaign, Trump repeatedly pledged that his administration would “end inflation,” and falsely claimed just recently that “inflation is stopped” and “prices are down.” However, this new Committee analysis shows that in 2025, the average household spent $1,625 more across the board – including over $320 more in housing costs and over $240 more on transportation costs. The Committee also calculated state-by-state data, finding that the average inflation cost per family in 2025 was at least $1,000 more in 47 states and Washington, D.C., with households in some states paying almost $2,400 more.

Read the full report here.