Inflation Low, Wages Surge: Big Win for U.S. Workers

Fresh economic data released today reaffirms that inflation is firmly under control as American workers see real wage gains in President Donald J. Trump's economy.

Here's what you need to know:

• Core inflation came in below economists' expectations. It's "a more confident signal of cooling price growth after shutdown-related distortions" and a "convincing sign that inflation is on a downward path," according to Bloomberg.
• President Trump ended Biden's inflation crisis. Since President Trump took office, headline inflation has been running at 2.4% (much lower than the 3% annual rate inherited from Biden) and core inflation has been running at 2.4% (much lower than the 3.3% annual rate inherited from Biden).
• Wages are rising. Real private sector weekly earnings are on track to rise 4% in President Trump's first full year in office - resoundingly beating inflation. In fact, private sector workers are on track to see a real wage gain of $1,100 - gaining back some of the purchasing power they lost under Biden.
• Blue-collar workers are seeing real results. Overall, goods-producing workers - the backbone of American industry - are on track to see their real annual earnings rise by $1,300 in President Trump's first full year in office. Mining and logging workers are on track for an increase of $2,200, construction workers are on track for an extra $1,400, and manufacturing workers are on track to gain $1,300.
• Cars have become more affordable under President Trump. The latest report shows vehicle prices continue to decline as President Trump's policies power automakers to their best sales year since 2019.
  • Bloomberg's Chris Anstey: "[D]espite many analysts anticipating a bump up in prices for the 2026 model year, with automakers expected to do a lot more to pass along the tariff increases, that just really hasn't happened."