In a surprising turn of events, today’s inflation report reveals the first decline in consumer prices in years, alongside a drop in energy costs and an increase in real average hourly wages. It seems that President Donald J. Trump’s economic strategies are starting to pay dividends for American households.
Here’s the reaction:
Stephen Miran, Chair of the Council of Economic Advisers: “The annual core inflation rate is at its lowest since March 2021, indicating that President Trump’s policies are effectively curbing inflation. Coupled with our trade strategies, it’s clear that America is on the rebound.”
Economist E.J. Antoni, Ph.D.: “This is truly remarkable: From 2009 to 2021, the average annual inflation rate was 1.8%, but under Biden, it soared to 8.6% for a year and a half, before settling at 3.1%. Now, Trump is achieving an impressive average of just 1.0%—an extraordinary turnaround!”
Rick Santelli of CNBC: “We anticipated the opposite outcome… These figures are certainly lower than expected!”
Matt Egan from CNN: “This represents a 0.1% decrease—the first drop since the pandemic began. Year-over-year, inflation stands at 2.4%, which is both better than anticipated and marks a six-month low, indicating positive movement.”
USA Today: “Inflation eased more than expected to a five-month low in March, driven by falling gasoline and used car prices, along with a slowdown in rent increases…”
Axios: “March’s inflation figures were notably lower than anticipated: The overall Consumer Price Index fell as energy prices plummeted, and the core measure, which excludes food and energy, saw only a slight increase.”
Bloomberg: “Last month’s inflation came in significantly weaker than expected, with the headline CPI dropping by 0.1%, largely due to a decrease in gasoline prices. None of the 67 forecasters surveyed by Bloomberg had predicted this decline.”
CNN: “March saw a sharp slowdown in inflation, new data released Thursday showed, emphasizing the economy’s ongoing strength and resilience as President Trump prepares for bold trade initiatives.”
Associated Press: “U.S. inflation decreased last month, with declines in gas prices, airline fares, and hotel rates signaling that price growth is cooling even amidst President Trump’s escalating tariff threats.”
The Wall Street Journal: “For the first time in nearly five years, consumer prices fell month-over-month in March, providing a much-needed respite for inflation-burdened consumers…”
Breitbart: “U.S. consumer prices fell in March, influenced by a decline in goods’ prices, contradicting forecasts that Trump’s tariff strategy would inflate costs. This marks the first drop in consumer prices in almost three years, and only the second decline since inflation skyrocketed under Biden to unprecedented levels.”
The Washington Post: “Inflation experienced a significant cooldown in March as energy and transportation costs dipped, offering consumers a brief moment of relief.”
The Daily Caller: “Trump celebrates a win as inflation eases more than anticipated in March.”
NBC News: “The rate of price increases for airfare, car insurance, used vehicles, and recreational services all slowed in March.”
CBS News: “Consumer price growth cooled in March as the White House moved forward with extensive global tariffs, with a key inflation measure falling to its lowest since March 2021. Monthly prices actually dipped by 0.1%, marking the first drop in nearly five years.”
CNBC: “Consumer price inflation eased more than expected in March as President Trump prepared to implement tariffs against U.S. trading partners.”
Reuters: “U.S. consumer prices recorded their first decline in nearly five years.”
Barron’s: “Inflation cools more than anticipated.”
