The latest consumer price index number is in, and it’s good news for Americans who, under former President Joe Biden, got all too used to walking into the grocery store and seeing that their favorite items' cost had skyrocketed virtually overnight.

Let’s get right to it:

The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at 2.4%.

The core CPI posted a 0.2% monthly reading and 2.5% annual rate, compared with forecasts for 0.2% and 2.5%. All of the figures were in line with Wall Street estimates.

Rent rose just 0.1%, the smallest monthly increase since January 2021.

Food prices accelerated 0.4% for the month and were up 3.1% from a year ago. Egg prices fell 3.8%, putting the annual drop at 42.1%.

CORE CPI inflation comes in at 2.5%!

This is the LOWEST reading since March 2021!

?pic.twitter.com/IioACirL9A

— Townhall.com (@townhallcom) March 11, 2026

We’ll just have to wait and see what effect the Iran conflict will have, because these numbers are from before the U.S.-Israeli Operation Epic Fury was underway. In any case, they show that Trump’s policies are working.

Almost every time I write one of these stories, I type, “this was lower (or higher) than analysts expected.” This is an outlier, though, as Wall Street pretty much had it right:

The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at 2.4%, according to Bureau of Labor Statistics data released Wednesday. Both numbers matched the Dow Jones consensus forecast.

Stripping out volatile food and energy prices, the core CPI posted a 0.2% monthly reading and 2.5% annual rate, compared with forecasts for 0.2% and 2.5%, also in line with the estimates.

The annual rates were unchanged from January, indicating that inflation was holding above the Federal Reserve’s 2% target but not getting worse.

Would it be even better if we had a different fed chair than Jerome Powell?

?? BREAKING: Core inflation comes in at its LOWEST POINT in nearly FOUR YEARS, holding steady from last month

Just 2.5% for February! ?

Analysts say it would be lower if Jerome "TOO LATE" Powell lowered interest rates. pic.twitter.com/VfTbPXUORi

— The Patriot Oasis™ (@ThePatriotOasis) March 11, 2026

MORE: Affordability Win Just Before the SOTU: Mortgage Rates Hit a 4-Year Milestone

'Polite Savage' Bessent Delivers a Brutal Lesson to Elizabeth Warren on the 'Affordability Crisis'

The White House is taking a victory lap:

The White House portrayed the report as a victory for President Trump. In a post on social media, Kush Desai, a White House spokesman, said the data showed “overall inflation is cooling,” pointing to policies including the president’s recent actions on drug pricing.

[...]

Mr. Desai added: “The American economy is strong and once we are past temporary disruptions from Operation Epic Fury, we will see even greater economic progress with cooling inflation, higher real wages, and robust private sector growth thanks to President Trump.”

New data shows core inflation remains at its lowest level in five years — proving yet again that President Trump has tamed Biden's inflation crisis.

Inflation is cooling. Wages are rising. More progress to come. pic.twitter.com/DrIQhz2UnS

— Rapid Response 47 (@RapidResponse47) March 11, 2026

I vividly remember the days of Bidenflation, when I’d go to fill up the gas tank or grab a Happy Meal and almost fall over in shock at what I had to shell out. Affordability will still remain a top issue, but the Democrats are going to have a hard time painting this as bad news.

They will certainly try, though — of that you can be sure.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

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