Prices are rising for just about everything; the most recent CPI found that the cost of foods and services rose by 0.5% for January after rising 0.4% for December. This puts the annual rate of inflation at 3%, which is higher than most analysts anticipated.
"The index for food at home rose 1.9 percent over the last 12 months. The meats, poultry, fish, and eggs index rose 6.1 percent over the last 12 months as the eggs index increased 53.0 percent," the CPI found.
However, Walmart CEO Doug McMillon says that sometimes those efforts are just not enough to ease the difficulties entirely.
“You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month," McMillon said at the Economic Club of Chicago.
He added that he feels the stress of consumers across all socioeconomic levels, particularly for folks who are more exposed to price hikes.
“There are lots of income levels in this country — if you’re at the lower end of that scale, you are feeling more frustration and pain because of higher food prices,” he said. “They’ve persisted for years now, and you’re just tired of it. And you want it to get better.”
Walmart CEO Sounds Alarm On A Big Problem For Customers
During an interview with Fox News’ Maria Bartiromo that aired Sunday, the host asked Trump, “Are you expecting a recession this year?”
“I hate to predict things like that. There is a period of transition because what we’re doing is very big,” Trump said.
But he admitted that an economic “disruption” is possible.
“There could be a little disruption. Look, what I have to do is build a strong country,” the president said when discussing the recent fall in the stock market. “You can’t really watch the stock market. If you look at China, they have a 100 year perspective. We go by quarters. And you can’t go by that.”
Trump Admits He's Willing To Let Americans Suffer For His Tariffs
In January, DOGE staffers called the Bureau of Reclamation claiming President Donald Trump wanted water pumps turned on at the Jones Pumping Plant, which sends water to the state’s Central Valley, CNN reports.
But when the official didn’t give in, staffers Tyler Hassen and Bryton Shang flew to California to open the pumps themselves and get a photo while doing so, CNN reports. But two issues stopped them.
First, the power was off due to planned maintenance. Second, Shang wasn’t an official federal employee yet, meaning he couldn’t access the pump. Hassen couldn’t do it either, CNN reports, because he had to fly back before the power would be restored.
Musk’s DOGE ‘Whiz Kids’ Flew To California To Try And Release Water Themselves During LA Fires
The United States has been added to the Civicus Monitor Watchlist, which identifies countries that the global civil rights watchdog believes are currently experiencing a rapid decline in civic freedoms.
Civicus, an international non-profit organization dedicated to “strengthening citizen action and civil society around the world”, announced the inclusion of the US on the non-profit’s first watchlist of 2025 on Monday, alongside the Democratic Republic of the Congo, Italy, Pakistan and Serbia.
US Added To International Watchlist For Rapid Decline in Civic Freedoms