White House celebrates inflation drop, wage growth

The White House is taking a triumphant tone on Friday after economic data showed inflation trending downward to 2.4%, deeming the development a product of the president's economic agenda.

“Today’s expectation-beating CPI report proves that President Trump has defeated Joe Biden’s inflation crisis: overall inflation fell, and real wages grew by $1,400 in President Trump’s first year in office," White House deputy press secretary Kush Desai said in a statement. "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," he added.

The press release also touted a 1.2% increase in real average hourly earnings year over year. 

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.