The economy is showing positive signs of recovery following President Trump’s first month in office. The Consumer Price Index released on Wednesday showed an increase of 0.2 percent for February, compared to 0.5 percent for January, an increase that was lower than expected according to economic projections.
The report also showed an inflation rate for February of 2.8 percent which fell below expectations.
The news comes as a welcome indicator of success for the Trump administration’s economic agenda. The inflation rate fell at 0.1 percent below market expectations and is the lowest reported rate since April 2021, shortly after Trump left office following his first term.
The White House issued a statement in response to the newly released economic numbers and celebrated the prospects for Americans as they “finally see some welcome relief following years of unending Bidenflation.”
“Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump,” according to White House Press Secretary Karoline Leavitt. “Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years.”
Leavitt also called out the media for their skepticism towards Trump’s agenda and emphasized the positive economic prospects moving forward.
“This inflation report, much like last week’s jobs report, is far better than the media predicted and the so-called ‘experts’ expected,” Leavitt said. “When will they learn to stop doubting President Trump?”
“As he successfully did in his first term, President Trump is driving down costs through massive deregulation and energy dominance. The entire Trump Administration will continue to focus on fixing the economic and inflation nightmare created by the Biden-Harris Administration to unlock the Golden Age of America,” Leavitt said.
