Press Sec. Leavitt: The New CPI Report Is Even More Proof of the Progress Pres. Trump Made on Inflation

EXCERPT:

LEAVITT: “Additionally, on inflation, the new CPI report is even more proof of the progress made by President Trump. Despite all of the doom casting from the so-called experts, the president has managed to utilize powerful tariffs to secure trillions of dollars in investments into our country and rebalance our trade deals while simultaneously cooling inflation. Year-over-year inflation fell to 2.4 percent in January, beating expectations again and marking the lowest level since May. Core inflation, the best measure of inflation, dropped to its lowest level in nearly 5 years. Meanwhile, real average hourly earnings for all private sector workers rose in the month of January, which means more money is going back directly into people's pockets. After only one year of President Trump back in office, real earnings for all private sector workers have outpaced inflation by nearly $1,400, earning back roughly half of the $2,900 they lost under Joe Biden when 40-year high inflation was stealing Americans' purchasing power.”