Inflation Numbers Surge Then Subside A Tremendous Victory

• Inflation spiked in March due to rising energy costs from the Iran conflict.
• Core inflation, excluding food and energy, remained relatively tame.
• The Federal Reserve is expected to remain patient, focusing on underlying inflation trends.
• Real earnings for workers decreased slightly for the month but increased over the year.

The Real Story Behind the Numbers

Folks, let me tell you, these numbers are something special. Some are saying they're the best numbers, maybe ever. We saw a little spike in inflation, a tiny blip, because of what was happening with Iran. But don't worry, we've got it under control. You know, I always said, "We're going to make America great again," and that includes making our economy the envy of the world. We are doing just that.

Energy Prices and Global Instability

So, the Bureau of Labor Statistics, great people by the way, released a report showing the CPI went up 0.9% in March. A lot of that, almost all of it, was because of energy prices. Gasoline prices went way up, 21.2%. Now, a lot of that had to do with the conflict with Iran. But we are handling it, and now you can read more about the Tariff Refund Turmoil DOJ Faces Deadline Amidst Legal Battles and how we are managing the situation.

Core Inflation The Real Indicator of Economic Health

But here's the important part, the part the fake news media won't tell you. Core inflation, which is what really matters, was much lower. Only 0.2% for the month and 2.6% from a year ago. That's fantastic. It shows that the underlying economy is strong. As I always say, "Nobody knows more about the economy than me," and these numbers prove it.

The Fed's Cautious Approach

Now, the Fed, they're going to be looking at all of this very carefully. They have room to be patient, which is great. We don't want them rushing into anything. We want smart, strategic decisions. As my good friend Alexandra Wilson-Elizondo at Goldman Sachs Asset Management said, "The Fed has room to be patient, and every reason to do so." She gets it.

Tariffs and the War's Impact Managed Effectively

Of course, there were some signs of tariffs and the war affecting prices. Airline fares went up a bit, and so did apparel. But we're on top of it. We are making sure that our tariffs are smart and targeted, and we are always looking for ways to make the best deals for America. Remember, we don't make bad deals.

Real Earnings and the American Worker

Now, the fake news will tell you that real earnings went down a bit for the month. But look at the bigger picture folks. Over the past year, real average hourly earnings are up. That's what matters. We are making sure that American workers are doing better than ever before. And believe me, they will continue to do better, much better.