'Trumpflation': Trump slammed for blaming Biden after he breaks 'day one' promise to 'bring prices down'

12 February

President Joe Biden with President-elect Donald Trump and First Lady Jill Biden on November 13, 2024 (Creative Commons)

President Donald Trump is blaming his predecessor, President Joe Biden, after inflation jumped far more than expected.

“Biden inflation up!” Trump wrote on social media Wednesday, taking no responsibility for breaking his campaign promise to lower prices “on day one.”

On Wednesday the U.S. Department of Labor reported inflation jumped to levels not seen since last June, and Americans are being forced to pay far higher prices at the supermarket, especially for basic staples like eggs.

“Consumer prices roared higher in January, driving inflation up to 3%,” CNN reported, calling it “the fastest monthly pace since September 2023.” Economists had expected inflation to come in at an annual rate of 2.9%.

“Egg prices shot up 15.2% from December to January, the fastest increase that index has seen since 2015, according to the report,” CNN added. “They’re up 53% year over year.”

The jump in inflation makes it far less likely the Federal Reserve will lower interest rates, which remain high as they try to battle inflation. The Associated Press reported on Wednesday, “the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.”

“Grocery prices have skyrocketed,” candidate Trump said back in August on the campaign trail. Trump has bragged that he won the election on his promise to lower the cost of “groceries.”

“When I win, I will immediately bring prices down, starting on day one,” Trump said, as multiple news outlets, including The New York Post and CNN, have reported.

After the election, Trump acknowledged his pledge to reduce the price of groceries.

“I won on groceries,” Trump told NBC News’ Kristen Welker in December.“Very simple word, groceries. Like almost — you know, who uses the word? I started using the word — the groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that. We’re going to bring those prices way down.”

But Trump appears to have done little to even try to bring down prices, including the cost of food.

“Now, maybe Americans did send Trump back to the White House to lower prices,” MSNBC‘s Jen Psaki wrote late last month, “but during his first week in office — a period of time when presidents typically use their power to make clear what their priorities are — he focused on anything but.”

The one step he did appear to take to lower prices was to sign an executive order telling agencies in the executive branch to “take actions that lower prices.”

“President Trump, who while campaigning vowed to end the ‘inflation nightmare,'” CBS News reported last month, on Inauguration Day “signaled his focus on the high cost of living in the U.S. by signing an executive order that requires ‘all executive departments and agencies to deliver emergency price relief’ to Americans.”

“It is critical to restore purchasing power to the American family and improve our quality of life,” the executive order stated.

“To accomplish that, Mr. Trump is ordering the departments and agencies that fall under the executive branch, including the departments of Commerce, Health and Human Services, Labor, and Energy, to take actions that lower prices for everything from housing and health costs to food and fuel,” CBS added. It is unclear what steps they were supposed to take, or if any did.

Meanwhile, consumers appear to be growing angry, and Wednesday’s inflation news — coupled with Trump’s imposition of a new tariff on all aluminum and steel coming into the United States — is not making it easier for average Americans.

On social media, critics were quick to blame and blast the President.

“Meat prices up 0.6 percent in January, egg prices up 15.2 percent. Too bad Trump is so busy doing corrupt deals with Musk and planning to take over Greenland and Gaza that he can’t pay attention to food prices,” remarked Dean Baker, senior economist at the Center for Economic and Policy Research.

Former Biden White House Senior Deputy Press Secretary Andrew Bates posted video of Trump’s interview with NBC’s Welker.

“The thing is,” Democratic strategist and Kamala Harris alum Mike Nellis wrote, “Trump didn’t just promise to cool inflation—he said prices would go down. And they aren’t. His tariff threats are already driving prices up everywhere, from groceries to housing, cars, and appliances.”

“Trump took office and inflation immediately went UP. But instead of fixing the economy, he spent his time banning DEI, renaming water, going to the Super Bowl and trying to put hotels on the Gaza strip,” observed frequent commentator Alex Cole, who has nearly 275,000 followers on X.

“They’re calling it TRUMPFLATION. Beautiful word, maybe the best word. The most luxurious inflation—nobody does inflation better than me!” Cole also wrote, mocking Trump and his speaking style.

“Wow,” remarked Democratic strategist Sawyer Hackett. “Inflation in the US rose 3% in January, higher than experts predicted for Trump’s first month report.”

After noting increases in the cost of groceries, energy, and eggs, he snarked, “Renaming the Gulf of America should help…”

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