Inflation Is Cut By More Than Half In Trump's First Month In Office

He said inflation would start coming down "on day one."

Promise kept!

The last reading on inflation under the Usurper Zombie was 5.7%, annualized. Trump's first reading is 2.4%, annualized.

In his first full month back in office, Trump oversaw a sharp slowdown in inflation, which fell more than expected in February. The monthly rate dropped by more than half from January under Biden as gas prices declined, energy costs eased, and core inflation hit a four-year low--early signs that Trump's policies are already making an impact.

Key Details:

February's monthly CPI increase of 0.2% was lower than expected, well below January's 0.5% under former President Joe Biden.

Core inflation, which strips out volatile food and energy prices, came in at 3.1% annually--its lowest level in four years.

Energy prices dipped 0.2% in February, with gasoline prices falling 3.1%, offering relief to American consumers.

Diving Deeper:

Inflation took a noticeable step down in February, delivering an early economic win for the Trump administration just a month into his return to the White House. The Bureau of Labor Statistics reported Wednesday that consumer prices rose 0.2% over the month and 2.8% year-over-year, both coming in below economists' expectations.

Core inflation, which excludes food and energy, also slowed to a 3.1% annual increase--its lowest level in four years--signaling that price pressures are easing.

E.J. Antoni, an economist at the Heritage Foundation, pointed to this dramatic reversal, noting on X that inflation had "reaccelerated since January of last year" before plummeting under Trump. His analysis shows that price growth, which had been stubbornly high throughout Biden's presidency, immediately slowed once Biden left office.

It turns out that they cooked the books under Biden, claiming that workers' wages were rising faster than the pace of inflation. Now that Biden's out, they "revise" the cooked books and admit that yes, inflation outstripped nominal wage gains and American workers grew poorer under Biden:

Happy Wednesday! It's all downhill from here. (In the good way.)

posted by Ace at 12:07 PM

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