- Donald Trump's favored inflation gauge? Bacon. The former president pointed to the rising cost of bacon as evidence of the inflation squeezing the US economy. "Bacon is up five times… food is up horribly, worse than energy." Bacon prices have actually only risen by about 12% since Trump left office. https://www.businessinsider.com/donald-trump-inflation-economy-bacon-food-prices-big-mac-index-2023-9?amp= 180 comments economy