Recent Trends in Inflation

Inflation rates have recently shown signs of cooling, with the consumer price index rising only 2.8% from last year, which is significantly better than economists predicted. The monthly increase was just 0.2%, marking the first annual decrease in four months. White House Press Secretary Caroline Levitt attributed these positive changes to the administration's deregulation efforts and increased domestic drilling. Though inflation persists, particularly in housing, the slowdown indicates that prices are rising at a much slower pace than in previous years.