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Fact check: Eggs are cheaper than when Trump returned to office. ‘Everything else’? Absolutely not

(CNN) — Eggs have gotten much cheaper since President Donald Trump returned to office in January 2025. But “everything else” too, as Trump claimed on Monday? Absolutely not. Far more prices have gone up since his second inauguration than have gone down.

Trump, facing widespread public discontent on the cost of living, has repeatedly pivoted to eggs when discussing broad affordability issues – and, on Monday, tried to make it sound as if the major reduction in egg prices has been mirrored by a similar reduction in all other prices. In a speech in Michigan, he said, “Now eggs are much lower than they were when we first started. And that’s true with everything else. And you’ll see how true it’s going to be after we get rid of the nuclear threat of Iran, which will be very quickly.”

In reality, federal Consumer Price Index figures on the prices of 332 products or product categories show that eggs – down 32.7% between January 2025 and June 2026 – are a distant outlier, not the norm.

Overall consumer prices were up 4.3% over the same period, so it’s obviously impossible that “everything” got “much lower.” But it’s striking to see just how much of a special case egg prices have been, as you can by exploring the interactive graphic below.

Food prices were up 4.2% overall between January 2025 and June 2026 (all pricing figures in this article are seasonally adjusted). Shelter was up 4.6% overall. Energy prices were up 13.1% overall, with electricity up 8.3% and gasoline up 15.2% despite a decline in gas prices last month that reversed this month.

Medical care services were up 4.9% overall. Apparel was up 4.5% overall. Tuition, other school fees and childcare were up 3.8% overall. Household furnishings and supplies were up 3% overall. New cars were up 0.9%, though new trucks were down 0.1% and used cars and trucks were down 2.9%.

Not a single other item on this Consumer Price Index list had a decline even half as big as eggs did. Only about one-sixth of the items on the list declined at all (including items and categories that overlapped, such as the “butter” item that is also included in the “butter and margarine” category). And eggs were unique even when looking only at grocery products.

Largely because of a bird flu outbreak, egg prices spiked in the fall of 2024 (under former President Joe Biden) and the first three months of 2025 (under Biden and Trump), then started falling toward normal levels in April 2025. With a smattering of exceptions, including some poultry products and dairy products, other grocery prices went up between January 2025 and June 2026.

Overall grocery prices, captured by the index’s “food at home” category, rose 3.4%. And prices increased in five of the index’s six overarching grocery categories, including the one that includes eggs: meats, poultry, fish, and eggs (up 3.6%); nonalcoholic beverages and beverage materials (up 5.2%); cereals and bakery products (up 3.1%); fruits and vegetables (up 5.2%); and “other food at home” (up 3%). Only the dairy and related products group was down – and very slightly, 0.1%.

Grocery products were among the items with the biggest increases of all. Lettuce was up 32.6%, coffee up 22.6%, and uncooked ground beef up 19.9% (among other beef products that saw spikes).

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Exxon made $160 million per day last quarter as oil prices surged

(CNN) — Big Oil is minting money.ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war.Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the Russia-Ukraine war.Broken down, Exxon made about $160 million per day last quarter.Chevron, the No. 2 US oil company, posted a profit of $12.1 billion, more than quadrupling the $2.5 billion it made in the same period last year.“These companies are printing money because oil prices spiked around the world,” said Andy Lipow, president of Lipow Oil Associates. Global oil prices have surged more than 40% so far this year.Not only that, but Exxon and Chevron own refineries that are cashing in on the damage done by war.The US-Iran war has wiped out a chunk of refinery capacity in the Middle East, just as Ukraine’s drone strikes have derailed Russia’s refinery operations.Lipow estimates the world has lost about 6 million to 7 million barrels of refining capacity per day, making existing refineries even more profitable.“Exxon and Chevron have refineries that are doing fantastic. We’re at record refining margins for gasoline, jet fuel and diesel,” Lipow said.Chevron’s downstream business, which includes its refineries, swung from a loss of $817 million a year ago to a profit of $4.9 billion.Exxon shares retreated about 2% in premarket trading on Friday as it’s adjusted per-share profit narrowly missed forecasts.Another major oil company, Shell, revealed Thursday it made nearly $10 billion last quarter – more than doubling its year-earlier profit. In fact, it was Shell’s second-highest quarterly profit in company history.Oil, however, is a notoriously boom-to-bust industry. When prices are low, small oil drillers often go bankrupt and even industry leaders lose money. For instance, in 2020 when oil prices briefly went negative as demand crashed during the pandemic, ExxonMobil lost $22.4 billion.“Markets were supportive, but our performance reflected the strength of the portfolio and operating model we have built over many years,” Exxon CEO Darren Woods said in a statement on Friday.Woods added that last quarter was “shaped by disruption, but defined by execution.”Chevron is responding to high oil prices by ramping up supply. The company reported record US production and said worldwide production jumped 20% year-over-year.But the current blockbuster profits for Big Oil likely will not sit well with consumers and some politicians. The public is hurting from the same high prices the oil industry is benefiting from.The Iran war has cost consumers more than $76 billion in the form of higher gasoline and diesel prices, according to the Brown University’s Climate Solutions Lab.Even President Donald Trump, a friend of the oil industry, complained last month that oil companies were not dropping gas prices as fast as oil was falling. Trump said he instructed the US Justice Department to “start looking into this,” adding: “Gasoline prices better start going down a lot faster than what I’m seeing.”Oil companies don’t directly control retail gas prices. And gas prices did fall sharply from their recent peak above $4.50 a gallon. However, they have since rebounded because the US-Iran ceasefire broke down.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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