The Commerce Department released details on Friday confirming that inflation remains very low – at 2.1% for the Personal Consumption Expenditures index, a mark that is almost exactly at the goal of the federal government to keep it in the 2% range.
While various economists are claiming that inflation will reach 3.5% by year’s end, the report on Friday confirmed the 2.1% rate from April 2024 to last month, lower than forecasts by those experts of 2.2%.
The report said Core PCE inflation, which is the Federal Reserve’s favored measure of price changes as it excludes more volatile food and energy categories, was 2.5% in April, lower than projections of 2.6%.
President Trump is defeating the Biden inflation crisis and Making America Affordable Again!
Promises Made. Promises Kept. pic.twitter.com/hHFsH4deNn
— Karoline Leavitt (@PressSec) May 30, 2025
President Trump plays a clip of Rick Santelli highlighting the STELLAR economic numbers that came out this morning — higher personal income, lower inflation, and reduced trade deficits! pic.twitter.com/Vk3c4hkjCE
— Trump War Room (@TrumpWarRoom) May 30, 2025
A report from the Daily Caller News Foundation described the results as “an economic victory” for President Donald Trump.
The rate was “at a level not seen since March 2021,” the report said.
The index measuring goods and services showed an increase of $47.8 billion, or 0.2%, with gains in housing and health care, the Bureau of Economic Analysis said.
White House Press Secretary Karoline Leavitt explained the numbers show that the White House economic agenda “is working.”
“Inflation has slowed noticeably since President Trump took office, and that means relief for the average American who has suffered under years of the Biden administration’s cost-of-living crisis,” EJ Antoni, chief economist at the Heritage Foundation, told the DCNF. “Not only did the annual rate of increase in the core PCE price index for April hit its lowest level since March 2021, but annual inflation as measured by the headline PCE price index hasn’t been lower since February 2021.”
Under Joe Biden’s regime in Washington, inflation exploded to as high as 9.1% for American consumers, and while Trump’s work has slowed that increase, the prices that surged under Biden still remain at elevated levels.
The Daily Caller News Foundation reported, “51% of respondents to a Harvard University Center for American Political Studies/Harris poll released earlier this month said they believe the economy is ‘strong’ under the Trump administration.”
