New Data: Trump Says “I Love Inflation,” As Virginia Families Have Had to Spend $2,600 More On Everyday Essentials

WASHINGTON, D.C. - Following a new report finding that Virginian families have had to spend $2,600 more on everyday essentials under Trump, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) underscored the devastating effects of Trump's reckless economic policies, including his tariffs and war in Iran.

"While Virginians across the Commonwealth are facing high energy, grocery, housing, and health care costs, the president has done nothing to ease the pain," said the senators. "Once again, Trump shows how out of touch he is with the American people, or that he simply does not care about what Americans are going through under his administration."

The report from the Joint Economic Committee - Minority, details how much more Virginians are paying under Trump:

Housing Costs

• Virginia families have had to spend $572 more on housing costs such as rent and mortgage payments since President Trump took office.

Grocery Costs

• Americans paid $310 more for groceries in President Trump's first year than in 2024.
• Beef and coffee prices are hitting Americans especially hard. Since the President took office, the average price of ground beef has risen almost every month to a record high of nearly $7 per pound. Coffee prices also spiked and are now nearly $10 per pound.

Energy Costs

• Gas prices have soared since the start of Trump's Iran War. In total, people across Virginia have spent $1 billion more on gas since the beginning of the war. That means the average family in Virginia has spent $444 more on gas in this time. For a family in Virginia who drives the most popular pickup truck, they now have to spend $142 to fill up their tank, a 40 percent increase compared to before the war.
• Families in Virginia paid $170 more for electricity in 2025 under President Trump than they did in 2024.

Health Care Costs

• Because of Trump and Republicans' refusal to extend the Affordable Care Act (ACA) tax cuts that help people afford their health insurance, monthly premiums for ACA plans rose over 50 percent on average in 2026 compared to last year. Meanwhile deductibles surged to record highs, increasing by more than $1,000 on average.

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