June 11, 2025, Fairfax, Va.—Americans for Limited Government Executive Director Robert Romano today issued the following statement on the latest consumer inflation numbers compiled by the Bureau of Labor Statistics:
“Consumer inflation continued its three-year trend for cooling in the month of May, only growing by 0.1 percent, down from a 0.2 percent increase in April, with more unsurprising drops gasoline and fuel oil considering boosted OPEC and U.S. production, but also a nice drop in piped gas service. New and used cars were also down along with transportation services. And apparel was down. All great news, and all of which belies doom-and-gloomer panicans who promised as early as February that President Trump’s tariff policies would lead to dramatic price increases. So much for that. Instead, inflation continues slowing down, consistent with other economic data indicating a slowdown, including GDP, a steady uptick in unemployment since January 2023 and also consumer credit in outright contraction, demonstrating that U.S. households maxed out their months and years ago, slowing purchases and cooling demand.
“The best news is personal incomes continue outpacing consumer inflation — the crucial ‘better off’ metric that tipped the 2024 election to the opposition party just like it did in 1976, 1980 and 1992. At the moment, personal incomes are growing 5.5 percent on an annualized basis while consumer inflation is at 2.4 percent.
“President Trump ran on a promise to boost production and to help get prices under control, and he’s keeping that promise. Besides reducing the money supply — overall flat since April 2022 — boosting food and energy production, along with domestic manufacturing, can do much to increase overall supplies, which will continue to put downward pressure on prices and create an even stronger case for lower interest rates. Still more to do, but so far, so good.”
For media availability contact Americans for Limited Government at media@limitgov.org.
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