THE WHITE HOUSE (Thursday, April 10, 2025) — After today's inflation report showed the first consumer price decline in years, a decrease in energy prices, and real average hourly wage growth, one thing is clear: President Donald J. Trump's economic agenda is delivering for Americans.
Here's what they're saying:
Council of Economic Advisers Chair Stephen Miran: "That core inflation print, on an annual basis, was the lowest core inflation print since March of 2021, so President Trump's policies are working at keeping inflation at bay, keeping inflation down. Between that and what's going on with trade — America is back."
Economist E.J. Antoni, Ph.D.: "This is truly remarkable: Average annual inflation rate from '09 until '21 was 1.8%, then Biden drove it up to 8.6% for a year and a half, then it rose steadily at 3.1% for the rest of his term; but now Trump is averaging a mere 1.0% -remarkable!"
CNBC's Rick Santelli: "We were expecting the exact opposite ... These are definitely low numbers!"
CNN's Matt Egan: "This was actually a drop of .1% — that's the first time we've seen that since COVID. Year-over-year, the annual inflation rate was at 2.4%. This was also better than expected and a 6-month low, moving in the right direction."
USA Today: "Inflation eased more than expected to a five-month low in March as gasoline and used car prices tumbled and rent increases softened further..."
Axios: "Inflation was notably cooler than expected in March: The overall Consumer Price Index dropped as energy prices plummeted, while the core measure that excludes food and energy rose just slightly."
Bloomberg: "Inflation came in notably weaker than expected for last month, with the headline CPI falling 0.1% — thanks in part to a tumble in gasoline prices. None of the 67 forecasters in Bloomberg's survey had predicted a drop."
CNN: "Inflation slowed sharply in March, new data showed Thursday, underscoring the continued strength and resilience of the economy ahead of President Trump's aggressive trade moves."
Associated Press: "U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats."
The Wall Street Journal: "Consumer prices declined month-over-month in March for the first time in nearly five years, a welcome development for inflation-weary consumers..."
Breitbart: "U.S. consumer prices fell in March, pushed down by a decline in the price of goods and defying predictions that President Trump's tariff plans would push up prices. This was the first drop in consumer prices in nearly three years and only the second decline since inflation accelerated under Joe Biden to the worst rates in decades."
The Washington Post: "Inflation cooled significantly in March amid a drop in energy and transportation prices, giving consumers a bit of a break"
The Daily Caller: "Trump Notches Win As Inflation Eases More Than Expected In March"
NBC News: "The pace of price hikes for airfare, car insurance, used vehicles and recreation all eased in March."
CBS News: "Consumer price growth cooled in March as the White House prepared far-reaching global tariffs, with a key inflation measure falling to its lowest level since March 2021 ... On a monthly basis, prices actually fell 0.1% in March, the first monthly drop in nearly five years."
CNBC: "Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners"
Reuters: "US consumer prices post first decline in nearly five years"
Barron's: "Inflation Cools More Than Expected"
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