Trump reducing inflation
TownHall: President Trump celebrated wholesale inflation declining in August after the Bureau of Labor Statistics reported the Producer Price Index fell .1 percent last month. Economists predicted a .3 percent rise. ... The Labor Department reported Wednesday that its producer price index — which captures inflation in the supply chain before it hits consumers — showed that wholesale inflation decelerated in August after advancing 0.7% in July. Wholesale services prices fell 0.2% from July on smaller profit margins at retailers and wholesalers, which might be a sign that those companies are absorbing the cost of President Donald Trump’s sweeping taxes — tariffs — on imports. [...] Excluding volatile food and energy prices, so-called core producer prices also fell 0.1% from July and were up 2.8% from a year earlier. The numbers were lower than economists had forecast. [...] ... This is a big change from the galloping inflation under Biden, which was sometimes closer to 8 %. ...