The Bureau of Labor and Statistics (BLS) releases the Consumer Price Index for February [DATA HERE], reflecting a drop in the year-over-year inflation rate to the lowest level in four years.
The rate of inflation dropped significantly due to lower gasoline (-6.3%) and fuel prices, which directly impacts every middle-class worker. The ripple effects (transportation, warehousing, etc.) from lowered gasoline prices is not yet embedded in the cost of goods, that should start to surface next month.
[…] Consumer prices were up 2.4% in March from a year earlier, the Labor Department said Thursday, cooler than February’s gain of 2.8% and well below the 2.6% rise that economists expected.
Prices excluding food and energy categories—the so-called core measure economists watch in an effort to better capture inflation’s underlying trend—rose 2.8%, below forecasts for a 3% increase. That was the smallest increase in the core measure since March 2021. (read more)
For those who have travelled the MAGAnomic weeds with us, you will note this is the way overall lower inflation starts to surface under Trump policy. This is exactly what happened in 2017 and continued throughout late 2019 until COVID-19 hit. President Trump’s economic policies drop the rate of inflation, and eventually lower prices.
The downward price pressure from lower energy costs will eventually surface in lower food costs.
The same media who said Joe Biden was not responsible for massive inflation, will also say President Trump is not responsible for dropping inflation. However, the average American can see that under Joe Biden stuff cost more, and under Donald Trump stuff starts costing less. Policy does change prices.
Wall Street will hate these results, Main Street will love them.
Do we suspect the next plandemic is in the works? If I recall correctly, when Pelosi and ilk realized that Trump was going to soar to a second term, she was vocal about how they (the Dems) would do anything to wreck the economy to keep him out.
Rapid Response 47
@RapidResponse47
YESTERDAY:
@RepJeffries
says “inflation is going up.”
TODAY: Consumer prices drop for the first time in nearly three years.
Video linked…
Jeffries belongs to the panic rousers club .. doubt he has reason to panic. He’s attempting to raise what PDJT call ““a Panican”. Nothing has changed as far as panic narratives from the Democrats and media has shown.
I will call the baby ugly and report that I have not noticed any price drops in my neck of the woods. Eggs prices have at least stabilized and the shelves aren’t bare anymore, but they’re still expensive. I’m still paying more for gas than I did in March 2024. I’m long-term optimistic about Trumponomics, but we have a long way to go.
This is the same thing going on where I am up here.
I’m wondering if this ‘recovery’ from the dropped inflation is regional?
Is there recovery anywhere out there?
Maybe this is time for some on the ground reports?
Eggs still cost more than they used to because under Biden MILLIONS OF EGG LAYING CHICKENS were sacrificed at the altar of bird “flu.”
Supply and demand.
It will take a little time for the number of egg layers to return to the level they were at prior to the GREAT CULLING.
I’m sorry but I’m going to have to say that we are nowhere near the reality of things getting better. Inflation data going down might be more because the economy is weak and demand is evaporating.
Every indicator shows we are in a recession, and we need a serious correction in order to get out of this. People need to call the baby ugly, just because Trump is in doesn’t mean we are magically going to put wings on the car that is already off the cliff.
I’m hopeful that Trump will bring back the greatest recovery we’ve ever seen but thats after the reality of a burning building is recognized
You may want to note that in order to protect the previous occupant of the White House and his junta the definition of “recession” was changed. That said, please list the “every indicator” that shows “we are in a recession”. Please also show how those “indicators” are a result of President Trump’s policies or the tariffs that went into effect 8 days ago.
I definitely never said that the recession was caused by trump. We’ve been in one in the last 3 years at least and we have been 100% lied to about the data the entire time. Tarrifs have absolutely nothing to do with any current economic downturn we are currently facing.
And I say that because of the many data points. Fred, BLS, census, reverse repo market, bonds, CPI, services, manufacturing, GDP, etc. Bankruptcies are up 20% from last year, credit card debt is at all time high according to federal reserve Philadelphia and consumer financial protection bureau (CFPB), GDP is decreasing while inflation has been increasing. We are in stagflation. Housing inventory is high while little sales are occuring. No housing correction has occurred at all.
To repeat. This is Biden not trump. And tarrifs have nothing to do with the recession. Tarrifs will help us get out of it in my opinion. But to say that we are on our way out of the recession already because of lowered gas prices is, in my opinion, not correct this time. We need the everything bubble to pop sooner than later so that the blame can still be put on Biden where it belongs. But mark my words, the bubble needs to pop before we see a true recovery for the middle class.
Sad that you use lower case when referring to PJDT, but use a proper name for Biden.
President Trump….
Notice * was capitalized. I forgot my no response policy for a second.
Electricity is the other significant item in regards to costs – both direct and indirect – and has a weight similar to fuel costs for transportation with respect to many Main Street prices. Additionally, those piped energy prices have a significant effect on Main Street prices and electricity for gas turbine plants.
The electric power lines are installed and maintained through the usage of >petroleum powered vehicles, the majority of which are gasoline powered. … All the workers at the electric companies typically drive cars to work, which need gasoline. … All businesses operate with a ‘labor costs’ overhead. … People need a paycheck to make it worthwhile to drive to work.
[The personal cost of ‘working’ for a living is weighed >against just staying home and collecting welfare and watching television.]
Is this why my jumbo eggs were $6.92/dozen at Walmart yesterday? I usually don’t check or remember prices but for sh*ts and grins thought I would notice the price yesterday. I was expecting them to be somewhat lower.
not for nothing, but y’all DO recognize that when inflation comes down that doesn’t equate to prices coming down, right?
just sayin’
also – while inflation has dropped, it still remains at 2.4%
we’re still losing ground, just less fast
Gasoline went up 25 cents in one week in NE WASHINGTON State. Three days ago, it was $3.79 at Costco, which is usually the lowest price in that part of the State.
I think that the table above should be listed as the BS table, not the BLS. No lower prices seen in our ‘neck of the woods’ yet, though I am “in” with the President’s policies. It will take some time for lower prices to activate nationwide.
Fabulous MAGA!!
I thank God for helping our family weather this horrible 4 year storm…. It feels good to have hope.
MAGA.
As you can see from the chart above food prices have not yet lowered. Energy prices have lowered. Inflation HAS hit its lowest level in 4 years. It takes time for the lower energy costs to filter through to lowering the costs of everything. Trump has been in office for 3 and ½ months and already there are improvements, as in the rate of inflation and in the lowered energy costs.
But almost all the people who have responded to this post including me have not noticed improvement in grocery prices. That is because it takes a little time from when energy prices decrease to see decreases in costs across the board.
I still think what SD wrote here is accurate: we saw this in Trump’s first term starting with a change in energy policy and resulting eventually in a decrease in all costs.