Inflation Cools Off: Media Hardest Hit
David Catron
The general consensus among informed political analysts is that the Republicans emerged from last November’s election in control of the White House and Congress due to the border crisis and persistent inflation. The Trump administration curtailed the influx of illegal immigrants with remarkable speed and the Consumer Price Index (CPI) for March suggests that inflation is also returning to the modest levels that prevailed throughout President Trump’s first term. The CPI declined by .01 percent last month, a year-over-year rate of 2.4 percent, while core inflation sank to a four-year low.
The cure for inflation required no legislative crackdown on price-gouging. All we really needed was a new president.
Moreover, wholesale prices also decreased in March. According to the Producer Price Index (PPI) report, an important indicator of future inflation pressure, “Prices for final demand goods moved down 0.9 percent in March, the largest decrease since falling 1.4 percent in October 2023.” These PPI statistics, combined with the CPI numbers, clearly portend a brighter future for long suffering consumers and the nation’s economy in general. But the legacy media are loathe to report good news if it reflects well on the new Trump administration. Instead, they search for some black cloud to tarnish every silver lining, and subject the electorate to the kind of fear mongering that pervades the following passage from a story published by the Washington Post:
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https://spectator.org/inflation-cools-off-media-hardest-hit/
