Former President Donald Trump has vowed that if elected president, he would “sign executive orders directing” his cabinet and agency heads to “use all tools available” to beat inflation.
“On my first day back in the Oval Office, I will sign an executive order directing every Cabinet member and agency head to use every tool and authority available to defeat inflation and rapidly lower consumer prices,” Trump said. said Spectators from Asheville, North Carolina.
Trump’s comments came shortly after the Bureau of Labor Statistics announced on Wednesday that inflation rose in July. The Consumer Price Index was reported to have risen 2.9 points in July from a year earlier.
The inflation index rose 3% year-on-year in June.
PRESIDENT TRUMP: On my first day back in the Oval Office, I will sign an Executive Order directing every Cabinet member and agency head to use every tool and authority available to defeat inflation and rapidly reduce consumer prices.
it is… pic.twitter.com/TIGu2Rfw0v
— Trump War Room (@TrumpWarRoom) August 14, 2024
“And we’re going to do it very quickly,” Trump added during his speech. “If you look at the prices of groceries, the price of bacon has gone up four or five times. Bacon, I don’t order bacon anymore. It’s too expensive. It’s going to be a whole-of-government effort to raise the standard of living and make life affordable again for Americans.”
In a recent interview with Tesla CEO and X owner Elon Musk, President Trump commented that “a lot of people” no longer have the money to buy a “cart full” of groceries.
Food prices have soared under Biden’s administration, rising 6.3% in 2021 and 10.4% in 2022. According to TheStreet. Food price growth will “slow” to 2.7% in 2023, it reported.
As reported by Breitbart News, a recent YouGov poll found that 77 percent of Americans feel inflation is a “very important” issue.
Another poll found Financial Times The survey found that inflation was one of the top three causes of financial stress for 78 percent of voters.
