BREAKING: In a high-stakes speech today, former President Donald Trump declared significant progress in reducing inflation during his second term, spotlighting core inflation rates that have plunged to their lowest levels in over five years. This urgent announcement contrasts sharply with the economic turmoil experienced under the Biden administration, as Trump asserted that his administration’s policies have reversed the negative trends that characterized the post-pandemic recovery.
Trump emphasized the stark differences between his economic strategies and those of his predecessor, declaring, “The Biden administration gave us the worst inflation in the history of our country, but in just 12 months, my administration has driven core inflation down to 1.7 percent.” This figure, reflecting the three-month annualized rate of the consumer price index excluding food and energy, is the lowest since early 2021.
The former president’s remarks come as inflation concerns continue to grip American households. With core inflation declining from 3.4 percent at the end of 2024 to a current 2.2 percent, Trump insists his policies are working despite earlier criticisms that predicted dire economic consequences.
Trump’s speech highlighted how critics had claimed tariffs and immigration policies would exacerbate inflation. Instead, he argued that the current statistics tell a different story, revealing that inflation in commodities, excluding food and energy, has only risen by 1.1 percent year-over-year through January 2025.
Officials attribute much of this inflation drop to the significant wage growth that has surged to 1.9 percent, the highest since March 2021, which is more than three times the long-term averages. This economic improvement is critical as consumers and businesses alike seek stability in their financial futures.
As Trump continues to rally support ahead of the upcoming midterm elections, his focus on economic achievements and inflation reduction is likely to resonate with voters concerned about rising living costs.
The urgency of these developments cannot be overstated: as inflation rates continue to shift, the implications for U.S. households and the broader economy are profound. Observers will be closely watching how this narrative unfolds in the coming weeks, particularly as Trump calls on Senate leaders to advance economic policies he believes will further solidify these gains.
Stay tuned as we monitor the situation and provide updates on Trump’s economic claims and their impact on the American public.
