Karoline Leavitt Reacts To The Report Showing Inflation Rose Slower Than Expected In July

At a White House press briefing on Tuesday, Press Secretary Karoline Leavitt spoke about the CPI report.

Transcript

00:00In other news, we continue to see positive economic reports across the board.

00:05Today's CPI report revealed that inflation beat market expectations once again,

00:10and inflation remains stable.

00:12Overall, inflation has run at a 1.9 average annual pace

00:17in President Trump's first six months in office.

00:21Prices for everyday goods continue to decline.

00:24Energy prices fell in July, including gasoline,

00:27which is down nearly 10% over last year,

00:31and propane, which is down 2.5% over last year as well.

00:35Egg prices fell once again in July and are down 20% since President Trump took office.

00:41Shelter inflation, the largest contributor to overall inflation,

00:46is at its lowest level since October of 2021.

00:50Wage growth for American workers is beating inflation once again.

00:54As inflation declines, this administration continues to be wholeheartedly committed

00:58to putting more money back into the American people's pockets.

01:02American real wages are up 1.3% over last year

01:06and have increased each month since President Trump took office.

01:09And small business optimism, according to this morning's report,

01:13has also reached a five-month high.

01:15Ignore the panicans and trust in President Trump.

01:18That is our motto here at the White House.

01:20The America First Economic Agenda is working.

01:23On another note,