Vice President JD Vance acknowledged this past Sunday that Americans won’t see immediate relief from rising grocery prices, despite the Trump administration’s campaign promises to quickly lower food costs.
“Prices are going to come down, but it’s going to take a little bit of time,” Vance told CBS News’ Face the Nation.
The U.S. Department of Agriculture reported late last month that grocery prices have inflated 1.8% since December 2023, with further increases expected. The agency projects a 2.2% rise in overall food prices for 2025, citing higher input costs and tight supplies.
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Egg prices underscore the ongoing challenges. Despite recent shortages, egg prices have increased 36.8% from December 2023, with predictions of another 20.3% rise in 2025, according to USDA data.
When pressed about which specific executive orders would reduce prices, Vance pointed to broader economic policies. “We have done a lot, and there have been a number of executive orders that have caused already jobs to start coming back into our country, which is a core part of lowering prices,” he said.
President Donald Trump campaigned heavily on reducing grocery costs, saying in December he won the election on the issue and promising to “bring those prices way down.” The administration’s strategy centers on boosting energy production, with Trump pledging to “drill baby drill” to reduce overall costs.
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“Donald Trump has already taken multiple executive actions that are going to lower energy prices, and I do believe that means consumers are going to see lower prices at the pump and at the grocery store,” Vance said, cautioning that “Rome wasn’t built in a day.”
Critics question the administration’s approach. “The cost of eggs is now $9 but the federal minimum wage is still $7.25 an hour. Families are struggling to buy groceries while corporations continue to profit from price-gouging,” Rep. Rashida Tlaib (D-MI) wrote on X recently.
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However, some economists support the strategy. “If you’re going to bring down the cost of energy, you’re going to bring down the cost of all kinds of goods and services,” EJ Antoni, a Heritage Foundation research fellow, recently told the Associated Press.
The administration’s first week saw 26 executive orders and the reversal of 78 Biden administration actions, though most focused on immigration and diversity policies rather than direct price control measures.
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