URGENT UPDATE: Former President Donald Trump has just announced a significant drop in core inflation to its lowest levels in over five years, claiming his administration’s policies are driving this economic recovery. In a speech earlier today, Trump emphasized the stark contrast between the current economic landscape and the high inflation rates experienced during the Biden administration.
According to Trump, core inflation has plummeted to 1.7 percent as of January 2025, marking a recovery from the inflation surge that plagued the nation post-pandemic. “The Biden administration and its allies in Congress gave us the worst inflation in the history of our country,” Trump stated. “In just 12 months, we have driven core inflation down to levels we haven’t seen since early 2021.”
This announcement comes at a critical moment as Americans grapple with rising prices and economic uncertainty. Trump’s administration claims that despite initial criticisms predicting increased inflation due to tariffs and tax cuts, the opposite has occurred. He pointed to the latest data showing that core consumer prices, excluding food and energy, have stabilized significantly.
Reports indicate that the consumer price index (CPI) for core goods has seen only a 1.1 percent year-over-year increase through January, a far cry from earlier predictions of a wage-price spiral. Trump highlighted that 25.2 percent of core goods have actually fallen in price, presenting a more optimistic view of the economy than earlier forecasts suggested.
The former president’s remarks underscore a crucial narrative ahead of the upcoming elections, as he seeks to rally support by framing his economic policies as effective in bringing stability and growth. “Critics are left grasping at straws, claiming inflation would be lower without my tariffs and tax cuts,” Trump asserted, challenging the validity of opposing economic theories.
Looking ahead, analysts will closely monitor inflation trends and consumer spending as the economic landscape evolves. The implications of Trump’s claims could significantly influence voter sentiment and the Republican party’s strategy in the lead-up to the midterm elections.
Stay tuned for further updates on this developing story as the impact of these economic changes unfolds across the nation.
