(StraightShooterNews.com) – President Donald Trump received good news as inflation cooled to 2.8% in February, coming in lower than expected despite Trump’s new tariffs, which many feared would drive prices higher.
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The modest monthly increase of just 0.2% provides welcome relief after January’s steeper 0.5% rise, giving households some breathing room in their budgets.
Yet while this represents progress, everyday Americans continue to face inflated prices that remain well above pre-Biden era levels.
The Bureau of Labor Statistics (BLS) reported that both headline and core inflation figures came in below analyst expectations, offering a momentary reprieve for American households.
The consumer price index (CPI) rose just 0.2% from January, bringing the yearly inflation rate to 2.8%, while core prices, excluding volatile food and energy items, increased 0.2% monthly and 3.1% annually.
These numbers suggested the economy may stabilize after years of rampant price increases under the previous administration, though inflation remains above the Federal Reserve’s 2% target.
Food costs remain elevated, with grocery prices up 1.9% over the past year and restaurant prices surging 3.7% annually.
Perhaps most alarming, egg prices shot up 10.4% in a single month—a staggering 58.8% increase over the past year—partly due to an avian flu outbreak affecting supply chains nationwide.
Moreover, housing costs continue to burden American families, with the monthly shelter index climbing 0.3% and 4.2% over the past year.
While this represents the smallest 12-month increase since December 2021, it offers little comfort to families who have seen their housing expenses soar during the Biden years.
Other everyday costs remain problematic, with used vehicle prices increasing by 0.9%, apparel up by 0.6%, and motor vehicle insurance skyrocketing by 11.1% annually – punishing responsible drivers who follow the rules.
Global co-head of fixed income and liquidity solutions at Goldman Sachs Asset Management
Kay Haigh stated, “The February CPI release showed further signs of progress on underlying inflation, with the pace of price increases moderating after January’s strong release.”
“While the Fed is still likely to remain on hold at this month’s meeting, the combination of easing inflationary pressures and rising downside risks to growth suggest that the Fed is moving closer to continuing its easing cycle,” he added.
President Trump’s tariffs on steel, aluminum, and Chinese goods have drawn criticism from globalist elites who claim they would spike inflation.
Still, February’s numbers suggest these America-first policies may be working without the catastrophic price increases that liberals predicted.
Despite the ongoing implementation of these protective tariffs, inflation actually cooled in February—directly contradicting the left’s fear-mongering about how these policies would affect everyday Americans.
Even though economic growth is trending negative for Q1, with a projected 2.4% decline according to some analysts, the administration remains confident that protecting American industries will strengthen the economy in the long run, even if there are short-term adjustments.
At the same time, Federal Reserve Chair Jerome Powell has indicated that interest rates will likely remain unchanged, citing current economic stability.
Even modest price relief is welcome for hardworking Americans who endured years of crushing inflation under Biden’s failed economic policies.
With the Federal Reserve maintaining its key interest rate between 4.25% and 4.5% at its upcoming meeting and possibly cutting rates later this year if inflation continues to cool, many families are cautiously optimistic that economic stability may finally be returning after years of Democrat-induced financial chaos.
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