Acting Council of Economic Advisers Chairman Pierre Yared said Friday that the latest Consumer Price Index report shows inflation has stabilized, and he credited President Donald Trump’s economic policies for ending what he called the “cost of living crisis” that began under the previous administration.
“The CPI inflation rate came in below last month’s rate, and this is clear evidence that the president’s goal of ending the cost-of-living crisis that emerged under the previous administration is over,” Yared said on Newsmax’s “National Report.”
The Labor Department’s report, released Friday morning, showed consumer prices rose 0.3% in September, matching expectations and marking the first major economic data released since the start of the government shutdown.
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