Consumer prices increased by 3% in January compared to a year ago, exceeding economists’ expectations and continuing a trend of stubborn inflation. Key items like eggs saw a 53% price surge due to supply chain issues, while beef and bacon prices also climbed.

Despite concerns that new tariffs on steel and aluminum could contribute to higher prices, President Trump remains focused on reversing the effects of Biden-era inflation. In a Truth Social post, Trump blamed the ongoing price hikes on his predecessor, reaffirming his commitment to bringing costs down and strengthening the economy.