February was a great first step and if the Trump team keep at it, they will get America the rest of the way to price stability
by E.J. Antoni
Fox Business
Just one month on the job, President Donald Trump has already overseen a dramatic improvement in the economy, with the monthly inflation rate being cut in half. By any measure, inflation improved significant in February and the Trump administration is perfectly positioned to not only slow inflation further, but eventually bring prices down.
For the month of February, the first month of the Trump administration, the consumer price index (CPI) increased just 0.2 percent from January. That was less than half the 0.5-percent increase in prices from December to January, the last month of the Biden administration.
What makes the February slowdown of inflation more dramatic was that it was preceded by seven months of inflation reaccelerating. Put simply, Biden handed Trump an inflation mess that was getting worse, not better—at least, not until Trump started reversing Biden’s radical agenda.