Meanwhile, fuel prices continue to decrease.
In the U.S., price growth has slowed, but there are still questions for Trump, as stated on the FB page "Duty Officer in America." The consumer price index rose by 2.4% in January compared to last year, marking the lowest rate in the past five years, according to a report from the U.S. Bureau of Labor Statistics. Trump called himself the "president of affordable prices" and claimed that "the inflation problem is solved," and that food prices are "falling everywhere." However, few goods have become cheaper. As reported by the WSJ, citing economist Subadra Rajappa, categories that Trump previously imposed additional tariffs on continue to rise in price. For instance, beef prices have increased by more than 15% over the year. Key expenses for food, gasoline, and housing remain, on average, 25% higher than before the COVID-19 pandemic. Meanwhile, gasoline prices are decreasing (by almost 8% over the year), as well as prices for used cars. The annual growth of the consumer price index was the lowest since March 2021, which also led to a decrease in annual inflation to 2.4%. A recent CBS News poll showed that in February, a total of 34% of respondents rated the state of the U.S. economy as "very" or "relatively good," while 60% rated it as "very" or "relatively bad."
