The White House cheered a drop in inflation in February as President Donald Trump fends off growing scrutiny over his handling of the economy.
The latest consumer price index, released in a new report Wednesday, showed annual inflation dropping from 3% in January to 2.8% in February, while core inflation, which factors out food and energy prices, was recorded at 3.1%. Both metrics registered a 10th of a percentage point below forecasts.
“Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump. Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years,” White House press secretary Karoline Leavitt said in a statement Wednesday morning. “This inflation report, much like
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