On January 26, Confronted with the nation host Margaret Brennan Grilled Vice President JD Vance About the plans of the administration to tackle rising supermarket prices. Her question was simple: “You campaigned about lowering prices for consumers. What executive order lowers prices?”
Vance, however, bypassed details and concentrated on broader goals instead. “We have done a lot and there have been a number of executive orders that have already ensured that jobs are coming back to our country, which is a nuclear part of lowering prices,” he said. But he did not mention any order aimed at supermarket costs directly.
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Brennan did not show it up and pushed him when Americans might see relief, especially for staples such as eggs that became a hot-button issue on the campaign track. Egg prices have been through the roof.
According to the American Bureau of Labor Statistics, they jumped by no less than 36.8%between December 2023 and December 2024. A combination of a continuous outbreak of bird flu and state laws that require cage -free production has exerted intense pressure on supplies.
“The prices will fall, but it will take a little time,” assured VANCE, adding: “The president is already a president for five days and in those five days he has achieved more than Joe Biden did in four years.”
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Yet many experts say that lowering food prices is not as easy as signing executive orders. Patrick Penfieldtold a supply chain expert at Syracuse University at the New York Post These egg prices can increase another 20% this year, possibly reach $ 5 per dozen in some areas.
“The bird flu outbreak has been devastating and complying with cage -free laws adds considerable costs,” he explained.
Brennan also called on the priorities of the administration and noted that the most recent executive orders of Trump are not focused on the economy. While Vance claimed that “many of them were”, he did not support it with examples.
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In the meantime, broader inflation trends contribute to the complexity. Food prices rose by 2.5% in general last year, and current inflation is 2.9%, according to the Bureau of Labor Statistics.
