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President Donald J. Trump’s ambitious economic strategy is purportedly yielding tangible benefits for American households, as revealed in DoorDash’s State of Local Commerce report. The findings suggest that inflation has been reined in, everyday prices are on a downward trajectory, and wages are on the rise.
From breakfast tables to store shelves, the Trump administration’s agenda claims to be mitigating costs just when American families need it the most, sparking what they describe as an economic resurgence that is merely getting started as the President aims to Make America Affordable Again.
Key Insights Include:
President Trump has allegedly tamed inflation.
- The Breakfast Basics Index, which tracks the cost of three eggs, a glass of milk, a bagel, and an avocado, has reportedly decreased by 14% from March to September, with a 1.7% dip over the past year.
- The Everyday Essentials Index, encompassing items like toothpaste, shampoo, toilet paper, laundry detergent, pain relievers, and diapers, has seen a decline over the past year.
Americans are reportedly beginning to see price decreases.
- In the last year, prices have declined for a variety of products including cheese, cereals, fresh fruits, frozen meals, packaged meals, condiments, batteries, computers, medicines, and toys.
President Trump’s policies are purportedly driving wage growth.
- Wage growth is reportedly outpacing price increases in restaurants across half of the cities surveyed.
Local economies are demonstrating resilience.
- A survey indicates that 56% of consumers have observed fewer business closures in their communities over the past year.
- Food expenditure has increased by nearly 5% compared to last year, suggesting that “consumers are purchasing more from local businesses.”
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