Inflation Is Down, Jobs Are Up, Wages Are Booming

INFLATION IS LOW AFTER RECORD HIGHS UNDER BIDEN

• The Consumer Price Index – which measures inflation – came in LOWER than expected at a rate of just 2.4% annually and increased only 0.2% in January, down from 0.3% in December.
• The rate was the lowest in eight months.
• Core inflation – which excludes food and energy – came in at 2.5% which was the lowest rate since March, 2021.
• Even the mainstream media is touting the great report:
• New York Times: “U.S. Inflation Eased at Start of the Year”
• Wall Street Journal: “Pace of Annual Inflation Slowed to 2.4% in January”
• CNN: “Annual inflation cooled to 2.4% in January, an eight-month low”
• Washington Post: “Inflation eased more than expected in January”
• USA Today: “US inflation unexpectedly eased to 2.4 percent, CPI shows”
• Reuters: “US consumer prices rise less than expected in January”
• These low inflation numbers come off the heels of a spectacular jobs report from earlier in the week.
• Americans saw inflation hit a 40-year high under Joe Biden.

PRICES ARE COMING DOWN

• Today’s CPI report shows that food prices fell 0.5% from December.
• Egg prices have fallen nearly 50% since President Trump took office and over $3.50 since reaching their peak in March, 2025.
• Household staples like spaghetti and macaroni, white bread, ice cream, potatoes, American cheese, bacon, fresh whole chicken, lemons, and tomatoes have all seen prices decrease since President Trump took office.
• The Breakfast Basics Index — which measures the price of three eggs, a glass of milk, a bagel, and an avocado — decreased 14% between March and September.
• The Everyday Essentials Index — which measures the price of toothpaste, shampoo, toilet paper, laundry detergent, pain medicine, and diapers — fell over the past year.

GAS AND ENERGY PRICES ARE DOWN FROM BIDEN-ERA RECORD HIGHS

• Biden oversaw the most expensive gas in the nation’s history when average gas prices reached $4.93 in June of 2022.
• Gas prices have fallen below $3 per gallon across the country.
• Overall, gasoline has fallen 7.5% and fuel and oil has fallen 4.2% in the past year.
• Used car and truck prices fell 1.8% in January and are down 2% over the past year.
• Americans are on track to spend the least amount of their disposable income on gas in the past two decades.
• 2025 gas prices averaged their lowest since 2020.
• Households heated by propane or heating oil will pay less to heat their homes this winter than last winter. 

HOUSING AND RENT COSTS ARE COMING DOWN

• National median rent has fallen five months in a row as rent prices fell 0.8% in December.
• President Trump is making it more affordable for Americans to buy and rent a home.
• Today’s CPI report shows the shelter cost – which measures the cost of housing through rent prices – lowered from December and the 3.0% annual rate is the lowest in four years.
• Under the Biden administration, mortgage rates hit a 22-year high.
• President Trump has brought down the 30-year fixed mortgage rate from over 7% when he took office to 6.1% today.
• Mortgage affordability is at a four-year high after rates fell in January.
• National median rent fell in January, marking the sixth consecutive month that rents have declined.
• President Trump has vowed to lower mortgages with $200 billion bond purchases.

TRUMPRX IS LOWERING DRUG PRICES

• Last week, President Trump launched TrumpRX which will lower costs of many popular medications thanks to the most-favored-nation price.
• The monthly prices of Ozempic and injectable Wegovy will fall from $1,028 and $1,349, respectively, to an average price of $350 and as low as $199, depending on dosage strength.
• The monthly price of Zepbound and will fall from $1,088 to an average price of $346 and as low as $299, depending on dosage strength.
• Gonal-F, one of the most commonly used fertility drugs, will see its price reduced to as low as $168 per pen, depending on dosage strength.
• The price of Cetrotide, another commonly used fertility medicine, will drop from $316 to $22.50.
• The price of Ovidrel will fall from $251 to $84.
• Bevespi Aerosphere, an inhaler used to treat chronic obstructive pulmonary disease (COPD), will be discounted from $458 to $51.
• Airsupra, an inhaler used to treat asthma symptoms and attacks, will see a price drop from $504 to $201.
• Eucrisa, a topical ointment for atopic dermatitis, will be discounted from $792 to $158.
• Insulin Lispro will be available for as low as $25 per month.
• Duavee, a medication used to treat hot flashes and osteoporosis, will see its price cut from $202 to $30.

INVESTING IN AMERICANS AND RISING WAGES

• Thanks to President Trump’s leadership, companies have invested trillions of dollars into U.S.-based operations, creating thousands of jobs for Americans.
• Including manufacturing, technology, AI, pharmaceuticals, and energy.
• All these opportunities are going to American born workers.
• All private sector workers saw real earnings beat inflation by about $1,400 in President Trump's first year.
• Construction workers: $2,100.
• Manufacturing workers: $1,700.
• Mining workers: $2,400.
• Average weekly earnings for private sector employees rose 0.7% in January.
• Under Biden, workers lost over $2,900 in purchasing power — meaning inflation rose faster than wages.
• The President’s Working Families Tax Cut will save or create up to 7.4 million jobs over the next four years.
• The Atlanta Fed 4^th Quarter GDP growth estimate increased to 5.4%.
• Last week, the Dow hit 50,000 for the first time ever.
• Trump Accounts – a historic new savings tool created under the working Families Tax Cuts – are a way to invest in America’s children so they can accumulate wealth by the time they are adults and are now live.