Household cost growth slowed by over 40% during Trump’s second term
A Joint Economic Committee brief shows that average U.S. households faced $2,881 less in price-related costs - a 40.7% slowdown - in the first 20 months of Trump’s second term compared with the same period under Biden.
The Joint Economic Committee released a data brief indicating that, over the first 20 months of President Trump’s second term, the average American household incurred $2,881 less in extra costs from rising prices than during the comparable period under President Biden, reflecting a 40.7% reduction in inflation pressure. The slowdown was observed in every state, though the magnitude varied: Texas experienced the steepest decline, with household cost increases 58.4% lower, equating to $4,216 less, while New Jersey saw the modestest slowdown at 18.2%, or $1,243 less.
The analysis emphasizes that this does not mean prices fell during Trump’s term, but that the cumulative cost growth was substantially smaller than under the Biden administration. The findings highlight divergent inflation trajectories across the two presidencies.
Why it matters
It shows how inflation pressures differed between two presidential periods, affecting household budgets nationwide.
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