Supporters of price controls often justify them by invoking so-called corporate greed.
One year into President Donald J. Trump’s second term, significant progress has been made on affordability.
Gasoline prices are at historic lows, interest rates and housing costs are declining, and many grocery prices have stabilized—or begun to fall. Inflation has dropped to 2.7 percent over the past year from a peak of 9 percent under the Biden administration. At the same time, real wages have grown by 4 percent. In 2025, Americans experienced the first overall price decline since 2020.
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