With a few exceptions, prices have been going up since Trump began his second term in January 2025, official federal data shows. In addition, most types of consumer goods have increased in price since Trump began his second term. Gasoline and energy prices remain high since the Iran warAbout a year into his second term, Trump celebrated significant gasoline price decreases. Overall, gasoline prices are up by 34% since Trump began his second term. Overall, prices have increased by about 4.3% since Trump began his second term, and groceries have risen by 3.4%.