Karoline Leavitt on July Inflation Report: Prices Down, Wages Up Under Trump

Inflation Trends and Market Expectations

• 📊 The latest CPI report indicates that inflation beat market expectations for July, showing continued stability.
• 💡 Inflation has averaged a 1.9% annual pace during President Trump's first six months in office.

Declining Prices for Goods

• ⛽ Energy prices, including gasoline and propane, experienced a decline in July, with gasoline down nearly 10% year-over-year.
• 🥚 Egg prices have fallen by 20% since President Trump took office.
• 🏠 Shelter inflation, a major component of overall inflation, is at its lowest level since October 2021.

Wage Growth and Economic Optimism

• 📈 American workers are experiencing wage growth that outpaces inflation, with real wages up 1.3% over the last year.
• 💼 Small business optimism has reached a five-month high, according to a recent report.
• 💰 The administration is committed to putting more money back into Americans' pockets as inflation decreases.
• 🗣️ The White House motto is to ignore the "panakans" and trust in President Trump.