Inflation dropped significantly in March, falling to an annual rate of 2.4%. That’s below the expected 2.6%, and the lowest inflation has been for the last six months.
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The White House was obviously pleased. “Under President Trump, America is back — but inflation is not,” read the White House statement on the March inflation numbers.
March’s 0.1% price drop compared to a 0.2% increase in February shows it’s possible we’ve finally turned the corner on Biden’s pandemic inflationary spiral. It’s the first time inflation has actually fallen on a monthly basis since May 2020.
The closely watched core inflation rate, excluding food and energy prices, was 2.8% annually, up 0.1% for the month.
The price of eggs rose 5.9% in February and is up 60.4%
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