Inflation surged in June amid tariffs as Trump declared 'inflation is dead'

National Economic Council Director Kevin Hassett, a top economic advisor to Trump, on Monday rebuked concerns about tariff-related inflation. The Fed, Hassett told CNBC, has been "very, very wrong" in ... Read More

White House reacts to inflation rate increasing

An analysis says President Trump's tariffs would raise prices by almost 2.1% in the short run, costing the typical middle-class household more than $2,800 per year. (Scripps News) ... Read More

U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices

The June data still reflects only the initial impact of Mr. Trump’s global trade war. Economists expect price pressures to intensify over the coming months, especially if new tariffs the president has ... Read More

Inflation Inches Up in June, Driven by Food and Shelter Prices

The consumer price index rose 0.3% for the month after a 0.1% uptick in May, while the annual rate came in at 2.7%, up from 2.4% in May and slightly above estimates. The core index, stripping out ... Read More

Inflation Cooled in July, Welcome News for White House and Fed

Prices have increased rapidly since last year, but barely budged in July — a positive development, though not yet enough for a victory lap. Read More

Grocery inflation is slowing. Shoppers say prices are still too high.

Grocery inflation has cooled substantially since its 2022 peak, according to a recent report from the White House. That, combined with higher wages and falling prices in select categories, means ... Read More

White House falsely claims grocery prices have ‘come down’ under ...

President Biden’s chief spokesperson falsely said Tuesday that grocery prices have “come down” recently — when federal data show they cost 21.1% more than when Biden took office i… ... Read More

White House on grocery inflation: Slowing but still taking its toll

Grocery inflation continues to take a toll on Americans, but there is a sliver of good news. The White House published a blog post Wednesday on the current state of grocery prices. Read More

Democrats blast Trump for not lowering grocery prices ‘immediately ...

Democrats slammed Trump for not delivering on a promise to lower grocery prices "immediately" after he took office. Read More

Trump now says bringing down grocery prices, as he promised ... - ABC News

Trump now says bringing down grocery prices, as he promised, will be 'very hard' The president-elect said he won in part because of his vow to slash food bills. Read More

White House, Fed warn housing costs could impact inflation in 2025 - MSN

The White House recently released an update on housing inflation, noting that limited inventory is driving rising housing costs. Read More