The White House did not miss out the opportunity to celebrate the overall US annual inflation rate falling to 3.5% in June from 4.2% in May. Meanwhile, the 0.4% decline in the Consumer Price Index on a monthly basis was also the largest decline since April 2020, attributable to a pullback in energy costs.
During a White House briefing yesterday, Press Secretary Karoline Leavitt hailed the latest inflation slowdown as evidence that President Donald Trump's economic policies are showing results, citing declining consumer prices and rising real wages.
