Inflation remains low under President Trump, with May’s CPI showing steady core inflation and declining prices in key areas, such as gas, food, and vehicles. Real wages are rising, and Americans are seeing lower costs and stronger earnings as the economy enters a new “Golden Age.” The White House writes:
America is beating inflation as President Donald J. Trump leads the country into the new Golden Age with lower costs, higher pay, and economic opportunity for all.
Here’s what you need to know from the latest Consumer Price Index:
- In May, inflation came in lighter than expected for yet another month.
-Since President Trump took office, inflation has come in below economists’ expectations every single month.- Core inflation held steady and remains at the lowest level since March 2021.
-Under President Trump, core inflation has tracked at just 2.0% on an annual basis — levels not seen since the first Trump Administration, when prices were low and stable.- Wage growth remains strong under President Trump.
-In May, real wages for production and nonsupervisory workers saw the highest monthly increase in nearly a year — rising each month since President Trump took office and up nearly 2% over last year.-The average private sector worker is on track to see their real earnings increase by around $1,200, adjusted for inflation.- Prices for everyday Americans continue to fall.-Energy prices fell by 1.0% over the last month — down 3.5% over the past year.-Gasoline prices have fallen each month since President Trump took office, down 2.6% over the past month and down 12% over the past year.-Prices in key areas — such as meats, poultry, eggs, airfares, used and new cars, and apparel — all went down over the past month.
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