Inflation Slows Down Amid Energy Price Drop and Wage Growth

President Donald J. Trump’s economic agenda appears to be delivering results for Americans, as the latest inflation report shows a decline in consumer prices for the first time in nearly five years. The Consumer Price Index (CPI) fell 0.1% in March, while the core measure rose just slightly, according to data from the US Bureau of Labor Statistics.

Experts are hailing this development as a positive sign, citing low inflation rates and steady wage growth as evidence of Trump’s economic policies working effectively. Council of Economic Advisers Chair Stephen Miran attributes the decline to Trump’s policies, saying they have helped keep inflation at bay.

Economist E.J. Antoni praised Trump for his ability to bring down inflation from 8.6% to 1.0%, a remarkable drop. CNBC’s Rick Santelli also expressed surprise at the low numbers, noting that expectations were for higher inflation.

While some media outlets highlighted specific areas where prices declined, such as gasoline and used car prices, all experts agree on the overall trend of slowing inflation. The Wall Street Journal described consumer prices declining month-over-month in March as a “welcome development” for consumers, while Reuters reported that US consumer prices have posted their first decline in nearly five years.

The news marks a significant shift from the high inflation rates seen during President Biden’s term, and comes ahead of Trump’s planned global tariffs. With wages growing steadily, this slowdown in inflation is seen as a win for Trump’s economic agenda.

Source: https://www.whitehouse.gov/articles/2025/04/trump-effect-americans-see-first-price-relief-in-years