Articles

Select Category

All News

Articles

Briefings & Statements

All Presidential Actions

Executive Orders

Nominations & Appointments

Presidential Memoranda

Proclamations

Fact Sheets

Remarks

“Every month since President Trump took office, core inflation — the best measure of inflation — has beat or matched expectations. The data proves that President Trump is stabilizing inflation and the Panicans continue to be wrong about tariffs raising prices.” — White House Press Secretary Karoline Leavitt

Under President Donald J. Trump, America continues to beat back inflation after years of Biden-induced price hikes.

Here’s what you need to know from the latest Consumer Price Index:

June data confirms inflation is right on track. The annualized rate of inflation is below the year-earlier pace, showing that prices are right on track.
Core inflation beat expectations for another month. Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and has come in below or at economists’ expectations every single month.
Wage growth remains strong under President Trump. Real wages for production and nonsupervisory workers are up 1.3% over last year.
Prices for everyday Americans continue to fall. Prices for new and used vehicles and airfares fell last month, while annualized shelter inflation dropped to its lowest in nearly four years — with prices for gas, fuel oil, energy commodities, hotels, airfare, public transportation, and fresh vegetables all down over last year.

Here’s what they’re saying:

CNBC’s Rick Santelli: “Inflation is going to ebb and flow. If we want to really isolate it in terms of what this Administration is doing or Liberation Day, I would benchmark it to the beginning of the year. January and February reads being warmer gives you a lot of information that some of the policies have not been detrimental in boosting inflation.”
CNBC’s Rick Santelli: “The death of the labor market has been greatly exaggerated based on recent data, and I think that all in all, the inflation numbers — they’re pretty respectable here.”
Fox Business Network’s Maria Bartiromo: “You’ve got to look at this report as another victory for President Trump, who has focused on reigning in inflation — and that’s what we’re seeing from this report again.”

The post Inflation Remains Right on Target Under President Trump appeared first on The White House.

Articles

Articles – The White House