Some good news on the economy…
CNN conceded Wednesday morning that February’s inflation report was a step in the right direction after four straight months of rising inflation under Joe Biden.
“We just learned that consumer prices in February increased by 2.8% year over year and 0.2% month over month,” a CNN analyst said. “Both of these figures were a step in the right direction, and both were better than expected. This is very encouraging to see because it’s going to, I think, relieve some fears that inflation was, perhaps, reaccelerating. This breaks a streak of four straight months where the inflation rate was going in the wrong direction.”
Watch the clip below:
CNN just aired Trump’s first inflation report—better than expected and reversing four straight months of rising inflation under Biden.
America is healing! pic.twitter.com/JyG74moYhG
— Libs of TikTok (@libsoftiktok) March 12, 2025
From Fox Business:
The Labor Department on Wednesday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.2% in February compared with last month, while it rose 2.8% on an annual basis.
Both the annual and monthly increases in headline inflation were cooler than the expectations of LSEG economists.
So-called core prices, which include more volatile measurements of gasoline and food to better assess price growth trends, were up 0.2% from the prior month and 3.1% on an annual basis, slower than the estimates of LSEG economists.
White House Press Secretary Karoline Leavitt shared the news on X, saying “Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump. Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years. This inflation report, much like last week’s jobs report, is far better than the media predicted and the so-called ‘experts’ expected. When will they learn to stop doubting President Trump? As he successfully did in his first term, President Trump is driving down costs through massive deregulation and energy dominance. The entire Trump Administration will continue to focus on fixing the economic and inflation nightmare created by the Biden-Harris Administration to unlock the Golden Age of America.”
Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump. Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years. This inflation report, much like last week’s jobs…
— Karoline Leavitt (@PressSec) March 12, 2025
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