Monday, March 10, 2025
spot_imgspot_imgspot_imgspot_img
HomeBusinessTrump's speech pumped inflation from eggs to energy

Trump’s speech pumped inflation from eggs to energy


President Donald Trump On Tuesday night, during its primary address to the Congress, underlining its plans to underline its plans described as the “nightmare of inflation” influencing American families, highlighting the rising costs of eggs and energy.

“We faced the worst inflation in 48 years, but perhaps even in the history of our country,” said Trump. “As President, I am fighting every day to reversed this damage and make America again cheaper.”

Americans took to increase their own chickens amidst nationwide egg deficiency

Trump said the price of eggs has been “out of control” and that his administration “is working hard to bring it back.” The price of a dozen eggs is now about $ 5.00 or more in some areas.

And the Economic Research Services (ERS) of the Department of Agriculture will continue to rise, retail prices will continue to rise, Increased 41.1% in 2025 due to continuous outbreak’s compound effects.

On February 12, 2025, the shelves are evacuated in some markets due to egg crisis in Virginia, the United States. (Cellle guns / Anadolu through Getty Image / Getty Image)

He blamed the previous administration, claiming that “his policies increased energy prices, increased the cost of grocery and brought life’s needs to millions and millions of Americans.”

Generally, egg cartoon -filled shelves at a complete food item shop in New York City, (Fox Business)

The President said that one of his supreme priorities is to save our economy and provide dramatic and immediate relief to working families.

American consumer spirit inflation and tariff sinks on concerns on prices

We consumer confidence Following inflation in January, it fell rapidly last month, rose by 3% on an annual basis. However, egg prices, in particular, are a major pain point for consumers because the industry struggles with the outbreak of the running bird flu.

Last month, Agricultural secretary Brooke Rolins announced a “five-dimensional strategy” with the aim of curbing the increasing number of bird flu outbreaks started in 2022 and reduced herds across the country, created a significant reduction in American egg supply, and increased prices.

An indication at a complete food shop in New York City, telling customers that they need to limit their egg purchases. (Fox Business / Fox News)

According to the Consumer Price Index of the Labor Department, egg prices rose by 15.2% in January. The department said that this was the biggest increase in egg prices since June 2015 and about two-thirds of the total monthly increase in food prices. On an annual basis, egg prices are up to 53%.

Get Fox Business when you click here

Austin, Texas – June 20: Transmission towers are seen on 20 June 2023 near Austin Energy/Sand Hill Energy Center in Austin, Texas. Excessive temperature across the state has inspired the national weather service to issue excessive heat warnings. ((Photo by Brandon Bell / Getty Image) / Getty Images)

Another attention of administration is to “rapidly reduce energy expenditure“On its first day he declared a national energy emergency. Trump said that his administration plans to reopen many of the 100 closed power plants and create a new pipeline.”

He said, “My administration is also working on a huge natural gas pipeline in Alaska, which is the largest in the world, where Japan, South Korea and other nations want to be our companions – with the trillion dollars spent by them. It will really be fantastic.”



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

Enable Notifications OK No thanks