WASHINGTON, February 9, 2024 — Former President Donald Trump declared Friday that inflation was “way down,” reacting to newly released government data showing consumer inflation eased slightly more than anticipated in January.
Inflation Cooling, According to Recent Data
The latest figures suggest a potential shift in the economic landscape.
- Government data indicated a slight decrease in consumer inflation in January.
- Trump responded to the data with a statement at the White House.
- He characterized the current inflation levels as “very modest.”
What does the data actually show? The former president asserted that the recently announced inflation numbers are significantly lower, and that the economy is “back on track.” He contrasted the current situation with what he described as “the worst inflation in the history of our country.”
“The inflation numbers that (were) just announced, as you know, are way down, and we have it back on track. We had the worst inflation in the history of our country, and now we have very modest inflation,” Trump told reporters at the White House.
The statement came after the release of government data detailing the January consumer price index.
The former president’s comments reflect a broader focus on economic indicators as the election season approaches. The data released Friday offered a glimmer of hope for consumers grappling with rising costs, though the overall economic picture remains complex.
