As of August 2026, the average American household faced $2,881 less in additional costs from rising prices – a 40.7 percent reduction – under President Trump compared to the first 20 months of the Biden administration.

The difference varied by state, but every state experienced a smaller increase in household costs. The largest percentage slowdown was in Texas, where household cost increases were 58.4 percent lower, amounting to $4,216 less in additional costs. The smallest percentage slowdown was in New Jersey at 18.2 percent, still amounting to $1,243 less in additional costs.

The comparison does not mean prices declined during President Trump’s second term. Rather, the analysis finds that the cumulative increase in household costs was substantially smaller than during the comparable period under President Biden.

Read the full data brief and state-by-state comparison here.