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International Business Times UK
International Business Times UK
Business
Jim Manzon

Trump Tariffs Blocked by Supreme Court: What the Ruling Means for Grocery Prices, Inflation, and Your Wallet in 2026

Ground beef hit $6.75 per pound in January 2026, a record high and a 22% jump from the year before. (Credit: YouTube)

The gap between what politicians say and what shoppers pay has never been wider.

On Tuesday, President Donald Trump told Congress that grocery prices were 'plummeting downward'. He claimed eggs were down 60% and beef was 'starting to come down significantly.' But Bureau of Labor Statistics (BLS) data shows something else entirely. Ground beef hit $6.75 (£4.98) per pound last month. That's a record. It's also up nearly 22% from a year ago.

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