Washington, D.C. — Following new Producer Price Index (PPI) data indicating that prices are increasing while corporations’ margins are holding strong, the day after the Trump administration reversed the Biden-era Executive Order on a whole-of-government approach to promoting competition, the American Economic Liberties Project released the following statement.

“Right after Liberation Day, FTC Commissioner Andrew Ferguson pledged to protect Americans from big corporations using the cover of tariffs to jack up prices. Today’s PPI data makes crystal clear that that’s exactly what’s happening — and corporations are pocketing higher margins because of it,” said Nidhi Hegde, Executive Director of the American Economic Liberties Project. “Yet, instead of cracking down on price gouging, this administration is scaling back the government’s role in promoting competition and pretending weaker enforcement will lower costs. It has been six months since Andrew Ferguson has been in his job and he has done little to bring down costs for American consumers. It’s time for the FTC to do its job and not just put out empty statements.”

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.