UPDATE: In a high-stakes speech, former President Donald Trump highlighted significant progress in reducing inflation, asserting that core inflation rates have plummeted to their lowest levels in over five years. This urgent announcement comes as the nation grapples with economic recovery and reflects on the contrasting inflationary trends during the Biden-Powell administration.
Trump’s remarks, delivered earlier today, emphasized the administration’s successful policies that have driven core inflation down to 1.7% as of January 2025, a stark contrast to the peak inflation levels experienced in recent years. “The Biden administration and its allies in Congress gave us the worst inflation in the history of our country, but in 12 months, my administration has driven core inflation down,” Trump declared, underscoring the urgent need for continued economic vigilance.
As the economy faces ongoing challenges, Trump’s administration has made strides that he claims are pivotal for restoring American financial stability. The former president pointed to a three-month annualized rate of the consumer price index (CPI) excluding food and energy, which stands at a remarkable 2.5%. This number is particularly striking as it reflects a significant turnaround from the inflationary pressures that plagued the nation just a year ago.
The speech comes amid heightened scrutiny from critics who predicted that Trump’s economic strategies would exacerbate inflation. Instead, the data suggests a different narrative, with Trump challenging detractors by stating, “Even Trump’s tax cuts were allegedly inflationary, according to some economists,” while asserting that the evidence speaks for itself.
Trump’s address also touched on the broader implications for American families. “Around 23% of CPI’s line items declined in 2025, meaning nearly a quarter of core goods fell in price year-over-year,” he noted, illustrating the tangible benefits of his policies. The former president’s claims are supported by data indicating that the inflationary pressures primarily stem from core goods, rather than services.
Looking ahead, Trump called on lawmakers to maintain momentum on economic policies that prioritize American workers. The urgency of his message is clear: sustained economic recovery hinges on continued support for measures that have proven effective in combating inflation.
As the political landscape heats up in anticipation of upcoming elections, Trump’s focus on economic recovery and inflation reduction is poised to play a critical role in shaping voter sentiment. Observers are urged to keep an eye on forthcoming developments as Trump prepares to rally support for his administration’s ongoing initiatives.
With the economy still recovering from the impacts of the pandemic, Trump’s message resonates deeply with many Americans feeling the pressures of rising costs. The implications of his address are extensive, signaling a shift in the economic narrative and potentially influencing the political landscape moving forward.
Stay tuned for more updates as this story develops.
