Trump Says Prices Falling As Cpi Shows 2 7 Rise Live Updates

Updated on: December 19, 2025 / 4:13 PM EST / CBS News The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and a sign that price pressures may be easing. The CPI was expected to rise 3% on an annual basis last month, according to economists surveyed by financial data firm FactSet. In the most recent inflation reading, from September, the CPI rate rose 3% on an annual basis. November's cooler inflation data comes after prices had inched higher throughout much of the year, with economists pointing to the impact of the Trump administration's tariffs. The CPI tracks the changes in a basket of goods and services typically bought by consumers, providing a snapshot of price changes on everyday items such as food and apparel.

“Just as President Trump told Americans last night: inflation continues to fall, wages continue to rise, and America is trending towards a historic economic boom. Today’s report shows that inflation came in far lower than market expectations — a stark comparison to the record-high 9% inflation crisis caused by Joe Biden. Core inflation is at a new multi-year low, as prices for groceries, medicine, gas, airfare, car rentals, and hotels keep falling. Americans can expect this trend of lower prices and bigger paychecks to continue into the New Year!”— White House Press Secretary Karoline Leavitt The latest inflation data shattered economists’ expectations once again, with core inflation — often called the best measure of inflation — at its lowest level in nearly five years. Inflation is down, gas prices are down, the deficit is down, wages are up — and as President Donald J.

Trump told the nation last night, the best is yet to come. President Trump took office on a promise to defeat the inflation and cost-of-living crisis he inherited — and he has unquestionably delivered, laying the foundation for a banner year ahead. After nearly two months without new consumer price data, the Bureau of Labor Statistics released its latest report Thursday, providing a glimpse at energy costs, food prices and other everyday expenses. According to the consumer price index, inflation slowed in November, with prices rising 0.2% over the 0.3% observed in September. (BLS could not collect October data because of the government shutdown.) Still, inflation remains stubbornly high.

Compared with a year ago, consumer costs are up about 2.7%. Thursday’s report came just a day after President Donald Trump delivered a prime-time address from the White House in which he largely discussed affordability concerns, from housing costs to grocery prices, saying the U.S. is “poised for an economic boom.” “The last administration and their allies in Congress looted our treasury for trillions of dollars, driving up prices and everything at levels never seen before. I am bringing those high prices down and bringing them down very fast.” Shoppers walk around the Somerset Collection mall, Wednesday, Dec.

10, 2025, in Troy, Mich. (AP Photo/Ryan Sun) People shop at the Somerset Collection mall, Wednesday, Dec. 10, 2025, in Troy, Mich. (AP Photo/Ryan Sun) WASHINGTON (AP) — At a time when Americans are frustrated and angry over the high cost of living, the government released a report Thursday showing that inflation had cooled unexpectedly in November.

But economists quickly warned that that last month’s numbers were suspect because they’d been delayed and likely distorted by the 43-day federal shutdown. And most Americans have not felt any let up in the high prices they are paying for food, insurance, utilities and other basic necessities. The Labor Department reported Thursday that its consumer price index rose 2.7% in November from a year earlier. Yet, year-over-year inflation remains well above the Federal Reserve’s 2% target. Americans, dismayed by high prices, handed big victories to Democrats in local and state elections last month. A fresh report on Tuesday marked two consecutive months of rising inflation.

Consumer prices rose 2.7% in June compared to a year ago, marking a notable surge of price increases as President Donald Trump's tariff policy took hold and some retailers warned they may pass some... The reading matched economists' expectations. The fresh data indicated an acceleration from 2.4% annual inflation recorded in May. Still, the inflation rate clocked in below 3% recorded in January, the month Trump took office. Despite a rise of inflation, Trump appeared to celebrate the data on Tuesday. The president issued a social media post highlighting "Very Low Inflation" and calling on the Federal Reserve to cut interest rates by 3 percentage points.

President Donald Trump responded to the acceleration of consumer price inflation with a renewal of his demand for the Federal Reserve to cut interest rates immediately. Inflation rose to 2.7 percent year-on-year in June, the highest reading since February, according to the U.S. Bureau of Labor Statistics. May's annual inflation rate was 2.4 percent. "Consumer Prices LOW. Bring down the Fed Rate, NOW!!!" Trump posted to his Truth Social platform on Tuesday, July 15, after the data was released.

The acceleration in the CPI reading is bad news for Trump and his allies, who are pushing for a rate cut to stimulate the economy and slash borrowing costs. But the Fed's Board of Governors has so far resisted cutting rates to see how Trump's tariffs affect prices, concerned that summer would see a spike in inflation. Longest federal government shutdown meant data was only collected for second half of November US prices rose 2.7% in the year to November, according to federal data released a day after Donald Trump claimed they were falling “very fast” on his watch. The latest consumer price index, released on Wednesday morning, was down from 3% in September, and short of economists’ expectations of about 3.1% for last month. It comes amid questions over the strength of the US economy.

The longest US federal government shutdown in history halted collection of key data. There was no inflation report for October, and data was only collected for the second half of November. In a live TV address on Tuesday night, Trump claimed prices were falling “rapidly”, despite evidence to the contrary. “I am bringing those high prices down, and bringing them down very fast,” the US president said.

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