Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025

If something sounds too good to be true, a realist would suggest that’s because it might be. When President Trump promised on the campaign trail to “end inflation,” it might have been one of those moments.

Economists might have been surprised by the campaign pledge because low, stable inflation is a symptom of a healthy economy. When consumers can expect relative price rises, they can plan their spending and saving accordingly, while businesses can also reasonably budget for increased costs.

What Trump may have been trying to convey was that he would bring down rampant price rises, after inflation had stood comfortably ahead of the Fed’s 2% target through 2024. The latest data from the Bureau of Labor Statistics shows the annual rate of inflation currently sits at 2.7%.

Recent analysis, shared exclusively with Fortune, from Sen. Elizabeth Warren’s team at the Senate Banking, Housing and Urban Affairs Committee, reports this year-on-year increase equates to an added cost of $2,120 per household, assuming they purchased the same goods and services in 2025 that they bought in 2024. That includes an increase of $123 on electricity bills and $150 on groc...