The report shows the inflation rate continuing to cool.
The Bureau of Labor Statistics (BLS) issued its Consumer Price Index (CPI) report for January late last week. The report showed that the CPI rose to 2.4 percent over January 2025, a point below expectations. The rate of inflation reached its lowest level since May of last year, while core inflation decreased to its lowest in almost five years.
White House Press Secretary Kush Desai stated, “Overall inflation fell, and real wages grew by $1,400 in President Trump’s first year in office. Housing inflation notably continues to cool, while prescription drug prices actually fell in 2025 — with even more price relief ahead for American patients thanks to President Trump’s Most Favored Nation drug pricing deals and the Great Healthcare Plan. With inflation now low and stable, America’s economy is set to turbocharge even further through long-overdue interest rate cuts from the Fed.”
“Real average hourly earnings for all private-sector workers rose in January, up 1.2% over the past year; for middle- and lower-wage workers, gains were even stronger at 1.5%,“ the White House noted. “Beef, eggs, and coffee prices all declined in January — clear signs of relief from President Trump’s pro-growth, anti-inflation agenda and concerted effort to address prices in key areas.“
As the Lord Leads, Pray with Us…
- For wisdom for President Trump and his advisors as they evaluate the nation’s economy.
- For the president, secretaries of commerce and treasury, and the U.S. trade representative as they continue to discuss trade agreements with foreign partners.
Sources: The White House, CBS News, Townhall
