NEW: Warren Launches New Trumpflation Tracker

New dashboard will be updated monthly for Americans to see how much more they are paying in Trump’s economy

Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, launched the Trumpflation Tracker, a new tool monitoring the economic pressures facing American families in Donald Trump’s economy.

“Donald Trump promised to lower costs on day one. Instead he has spent his Presidency creating an affordability crisis, and now he’s calling his self-made crisis a hoax,” said Ranking Member Warren. “The Trumpflation Tracker will show families across the country exactly how much of a price they are paying for Trump’s and Republicans’ failed economic agenda.”

The Trumpflation Tracker shows that cumulative inflation is up 5.2% since December 2024 and the average American household is paying about $3,388 more due to inflation under Trump. Also since December 2024:

• Residential Electricity prices are up 12.7% and the average American household is paying $222 more for electricity.
• Gas prices are up 43.7% and the average American household is paying $758 more for gas.
• Grocery prices are up 3.7% and the average American household is paying $211 more for groceries.
• Health care costs are up 14.6% and the average American household is paying $929 more for health care.
• Rent is up 5.1% and the average American household is paying $256 more on rent
• Child care costs are up 7.6% and the average American household is paying $852 more for child care.
• Mortgage rates are at 7.6%, up from 5.99% before Trump’s Iran War and the average American household would have to pay $4,330 more for their mortgage.

The Trumpflation Tracker also monitors wage growth, job growth, household debt growth and how much Donald Trump’s failed promise to cap credit card rates is costing families.

The Banking Committee’s economic experts will update the dashboard each month as new economic data becomes available. The dashboard brings together key measures of household finances — including inflation, real wages, household debt, and the rising costs of essentials like rent, groceries, electricity, health care, and child care. Additionally, the dashboard builds on Ranking Member Warren and Banking Committee Democrats’ ongoing work on affordability:

• In January, Committee staff released a report highlighting how American families paid $2,120 more in 2025 because of inflation under Trump – driven, in part, by the President’s chaotic and illegal tariffs.
• In February, Senator Warren directly requested the President’s plans to lower costs for families after he failed to deliver any during his State of the Union Address.
• In February, Senator Warren requested information from Amazon about the scale and timing of price increases on its platform, the extent to which they have been caused by President Trump’s actions, and what Amazon is doing to mitigate their impact.
• In March, Senator Warren requested information from coffee companies on how President Trump’s chaotic tariffs have driven up coffee prices and hit families’ pocketbooks.
• In April, Warren released a new report detailing how “Trump Fees” are costing Americans more than $86 billion each year.
• In July, Committee staff released a report that breaks down the cost of the Trump Administration’s attacks on the Consumer Financial Protection Bureau (CFPB) over the last year to American consumers, totaling up to $26.5 billion.

To view the methodology, click here or see below.

Methodology

Dollar-value calculations (applies to I and VIII)
For each category, the additional cost to the average household since December 2024 is calculated month by month. Average monthly spending is 2024 annual household spending divided by 12. For each month since December 2024, that monthly spending is multiplied by the cumulative price change from December 2024 to that month, which differs from month to month (for example, cumulative inflation through March 2025 is smaller than through April 2025). Because the Bureau of Labor Statistics (BLS) did not publish monthly data for October, that month is estimated as the average of the September and November values. The monthly results are then summed. The percentage shown in each box is the cumulative change from December 2024 through the latest month available for that series. This assumes that households purchase the same quantities each month as in 2024.

• Cumulative inflation since Jan 2025
  Percent change in the BLS Consumer Price Index (seasonally adjusted) from December 2024 to August 2026. The dollar figure applies that percentage to annual household spending from 2024 according to the BLS Consumer Expenditure Survey and the “dollar-value” calculation described above. Underlying data last updated September 11, 2026.

• Real wage growth since start of Iran War
  Percent change in real average hourly earnings for all employees on private nonfarm payrolls (BLS), from February 2026 to August 2026. Real earnings are nominal average hourly earnings minus CPI (seasonally adjusted). Underlying data last updated September 11, 2026.

• 30-year mortgage rate
  Mortgage rates are the 30-year fixed-rate average from Freddie Mac’s Primary Mortgage Market Survey: 5.99% as of February 27, 2026, and 7.57% as of October 2, 2026. The monthly principal and interest payment at each rate is calculated for a 30-year fixed loan on the typical home, defined as the median home price of $429,100 (National Association of Realtors median existing-home price) minus a 20% down payment. The annual cost is the difference between the two monthly payments multiplied by 12. Underlying data last updated October 2, 2026.

• Average monthly job growth
  Average monthly change in BLS Current Employment Statistics payroll employment, in thousands, for total nonfarm and forprivate payrolls. The comparison is the monthly average for January 2021 to December 2024 versus January 2025 to September 2026 using revised data. Underlying data last updated October 2, 2026.

• Household debt, Q1’25 to Q2’26
  Change in total household debt from Q1 2025 to Q2 2026, per the New York Fed’s Quarterly Report on Household Debt and Credit. Underlying data last updated August 11, 2026.

• Total cost of the broken credit card cap promise
  This estimate draws on The Century Foundation and Protect Borrowers report, “Interest Nation: The State of America’s Credit Card Debt Crisis.” The report estimates that American borrowers pay an additional $368 million in interest for every day a 10% cap on credit card interest rates is not in place. The total multiplies that daily figure by the number of days fromJanuary 20, 2026, when President Trump said he would implement a cap, through October 5, 2026. Last updated October 5, 2026.

• Share of each extra dollar of income going to debt
  This is based on The Century Foundation and Protect Borrowers report, “Half of Every Dollar: How Household Debt Eats Into Workers’ Income Gains.”

Cost of living basket

• Electricity
  Percent change in the monthly price of residential electricity (per kWh) from from December 2024 to July 2026, per theEnergy Information Administration (EIA). The dollar figure applies that percentage to annual household spending from 2024, and the “dollar-value” calculation described above. According to the EIA, the average household uses 10,791 kWh per year. At the 2024 average residential price of $0.1648/kWh, average annual household spending was $1,778.36.Underlying data last updated September 24, 2026.

• Rent
  Percent change in the Consumer Price Index (seasonally adjusted) for “rent of primary residence” from December 2024 to August 2026, per the Bureau of Labor Statistics. The dollar figure applies that percentage to annual household spending on “rented dwellings” from 2024 according to the BLS Consumer Expenditure Survey and the “dollar-value” calculation described above. Underlying data last updated September 11, 2026.

• Gasoline
  This estimate follows the method the Joint Economic Committee Democrats used in their July 2026 analysis but starting on December 31, 2024. For each day from December 31, 2024 through September 25, 2026, we take the AAA national average price for regular gasoline and subtract a baseline of $3.04, the national average AAA reported at the end of 2024. Missing days are filled in by averaging between the nearest known prices. We multiply each day’s price difference by that day’s gasoline consumption, which comes from EIA’s weekly estimates of finished motor gasoline product supplied, converted from thousand barrels per day to gallons at 42 gallons per barrel and applied to each day of the corresponding week. Summing these daily amounts, including days when prices fell below the baseline, gives a total of about $87.5 billion. Dividing by roughly 121.43 million U.S. households with at least one vehicle, derived from the Census Bureau, yields about $758 per household. Underlying data last updated October 4, 2026.

• Groceries
  Percent change in the Consumer Price Index (seasonally adjusted) for “food-at-home” from December 2024 to August 2026, per the Bureau of Labor Statistics. The dollar figure applies that percentage to annual household spending on “food-at-home” from 2024 according to the BLS Consumer Expenditure Survey and the “dollar-value” calculation described above. Underlying data last updated September 11, 2026.

• Child care
  Percent change in the Consumer Price Index (seasonally adjusted) for “day care and preschool” from December 2024 to August 2026, per the Bureau of Labor Statistics. The dollar figure applies that percentage to annual household spending on child care from 2024 according to Child Care Aware and the “dollar-value” calculation described above. Underlying data last updated September 11, 2026.

• Health care
  The 2026 estimate starts from the average annual worker contribution for family coverage in 2025, $6,850, as reported in the KFF 2025 Employer Health Benefits Survey. We applied the 6.5% average increase in employee paycheck deductions that Mercer projected for 2026. This yields an estimated 2026 family contribution of about $7,295, which is $929, or 14.6%, higher than the 2024 average of $6,366. For single coverage, which is not listed on the dashboard, the same method applied to the 2025 average of $1,440 yields about $1,534, an estimated increase of 8.9%, or $126, from the 2024 average of $1,408. Because Mercer’s projection reflects average contributions across all coverage types (i.e., both family- and single-coverage), the figures are illustrative estimates, not published forecasts.

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