Summary
Prices for everyday items and services have been going up in 2026, affecting many households. Companies in the U.S. are being seen as partly responsible for these increases, partly due to past tariffs and rising costs. Businesses are trying different strategies, like offering cheaper meal deals, to address affordability concerns and maintain customer loyalty.
Key Facts
- Prices for home electricity have increased by 6.3% and natural gas by 9.8% over the last year.
- Ground beef and coffee prices have risen by 17.2% and 18.3%, respectively, according to the January Consumer Price Index.
- Companies such as Stanley Black & Decker, McCormick & Company, and Levi Strauss have announced price hikes due to previous tariffs.
- Higher wages and rising health insurance costs also contribute to increased prices, beyond the effect of tariffs.
- McDonald's increased prices about 40% since 2019 and is focusing on affordable meal options to attract lower-income customers.
- PepsiCo and General Mills have reduced prices on some items due to affordability concerns.
- Companies are using economic impact reports to show their contribution to the economy and lessen public blame.
- President Trump has referred to affordability issues as a "Democratic hoax," implying political tensions over the issue.
