Economist Predicts What Price Will Go Up Next For Americans | EUROtoday

Economist Henrietta Treyz warned Monday that hovering gasoline costs because of President Donald Trump’s Iran battle could quickly be adopted by one other hit: greater meals prices.

“Food inflation is the next shoe to drop,” Treyz, the Veda Partners co-founder and director of financial coverage, advised MS NOW’s Katy Tur.

Treyz drew a stark distinction between the economic system throughout Trump’s second time period in comparison with when former President Joe Biden was leaving workplace.

“It’s pretty amazing when you think about what the president inherited,” she stated. “We were coming off of continuous prosperity, lowering inflation, prices coming down, growth in the manufacturing sector.”

There was “literally nothing you could do to stop the economy under the AI boom and all the rest,” she added, lamenting: “And now here we are.”

The value of jet gasoline has surged with “outright shortages,” inflicting flight disruptions throughout Asia and prompting measures in Europe and the U.S., Treyz famous. And there’s extra to come back, she cautioned.

“Everything that takes diesel or gasoline to move, whether it’s everything you buy at Walmart or your groceries from the store, all that is still to come and to get more expensive,” she predicted.

“So the long-term cost of this war, especially when you’re judging it by the economy that the president was handed, is really just depressing to think about the growth that we could be under,” she added. “Instead, we’re dealing with rising inflation again. The Fed can’t cut interest rates. It’s a bummer.”