The July CPI report is further proof that President Trump’s long-term agenda is delivering: prescription drug and auto insurance costs continue to fall, real wages are rising, and beef prices have cooled while other household essentials like eggs, poultry, and dairy remain low.
Despite temporary disruptions stemming from Iran, core CPI is near the Fed’s two-percent target rate. As the Trump administration’s economic policies continue taking effect, Americans can count on more job, wage, and economic growth.