Key Takeaways
- Holiday Prices Falling: President Trump says Thanksgiving meals are now about 25 percent cheaper than under the Biden administration, with major retailers confirming lower holiday basket prices.
- Grocery Costs Cooling: Trump emphasized that grocery prices are already “much lower” compared to the last administration, with more reductions expected as his team works on additional price relief.
- Free-Market Response: Retailers like Walmart are offering competitive holiday meal bundles, showing how strong leadership and pro-growth policies can ease inflation pressures on American families.
President Donald Trump is leaning into one of the strongest indicators that his economic agenda is gaining traction: falling consumer prices. Speaking to reporters at Palm Beach International Airport before heading to Joint Base Andrews, Trump highlighted the noticeable drop in grocery costs and the growing affordability of Thanksgiving meals across major retailers.
“From an economic standpoint, our prices are coming down very substantially on groceries and things,” Trump said, emphasizing that prices are “already at a much lower level than they were with the last administration.” After years of runaway inflation under Biden, the message is clear: the pressure on household budgets is finally easing.
The president noted that his team spent the weekend working on additional price concerns and hinted that Americans could soon see even more relief. “We worked on it this weekend,” he said. “And you’re going to see some of the items that were a little bit higher… we’re going to have some little price reductions and, in some cases, some pretty good ones.”
Thanksgiving, often a barometer of household affordability, is showing real improvement. “The affordability is much, much better with us,” Trump said. He pointed to Walmart and other retailers offering Thanksgiving meals that are approximately 25 percent cheaper than what Americans paid under Biden.
Earlier this month at the America Business Forum, Trump praised Walmart’s announcement that its standard Thanksgiving meal is 25 percent lower than a year ago. The company’s holiday basket, which includes 20 items and serves ten people for under $40, underscores how competitive pricing and free-market principles can bring meaningful relief to families.
As inflation continues to cool under Trump’s policies, retailers are responding with better deals, proving once again that strong leadership and pro-growth economics make a real difference at the dinner table.