Stable Inflation and Wage Growth Under Trump

White House Press Secretary Karoline Leavitt recently highlighted the Trump administration's economic achievements, emphasizing that inflation remains low and stable, with real wages increasing and consumer prices declining. Leavitt noted that since President Trump took office, inflation has averaged 1.9% annually, with consumer prices rising by 2.7% in July 2025, slightly below expectations. She attributed this to falling energy prices, including a nearly 10% decrease in gasoline prices and a 2.5% drop in propane prices compared to the previous year. Additionally, egg prices have decreased by 20% since Trump assumed office.

The press secretary also pointed out that shelter inflation, the largest contributor to overall inflation, is at its lowest level since October 2021. She emphasized that real wages for American workers have increased by 1.3% over the past year and have risen each month since President Trump took office. Furthermore, small business optimism reached a five-month high, reflecting confidence in the administration's economic policies.

Leavitt dismissed concerns about potential inflationary pressures from recent tariffs, stating that the data proves such fears are unfounded. She reiterated that the administration's focus remains on lowering costs for American families and businesses. The press secretary concluded by urging the public to ignore alarmist predictions and trust in President Trump's economic agenda.