The White House
Today's new Consumer Price Index reveals inflation smashed market expectations once again in September - with prices holding steady and wages beating inflation as President Donald J. Trump ushers America into a new Golden Age.
Unfortunately, the Democrat Shutdown risks grinding that progress to a halt. Because surveyors cannot deploy to the field, the White House has learned there will likely NOT be an inflation release next month for the first time in history - depriving policymakers and markets of critical data and risking economic calamity.
Here's what else you need to know:
- Inflation has remained steady since President Trump took office, averaging just 2.5% - compared to an average of 5% under Biden.
- Real private sector wages are on track to rise by $1,151 (+1.8%) since President Trump took office - welcome relief after private sector wages declined by nearly $3,000 (-4.5%) under Biden.
- Gasoline prices are on track for an annualized drop of 7.5% since President Trump took office - reversing an average annual increase of 7.7% under Biden.
- Gas prices have approached their lowest average levels in more than four years.
- The 12-month change in overall shelter costs is at its lowest level in four years.
- Costs are down for motor vehicle insurance, used cars and trucks, communication commodities, propane, fresh fruits, nonprescription drugs, butter, apparel, and a host of other items - while egg prices are down 23.7% since President Trump took office.
- Bloomberg's Chris Anstey: "These readings will also bolster the Trump administration's argument that inflation is under control and tariffs aren't triggering a cost-of-living surge."
Under President Trump, America is back - but inflation is not.
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