"President Trump and Congressional Republicans' pro-growth policies have successfully tamed inflation,” the Job Creators Networks (JCN) declared Friday, responding to the Bureau of Labor Statistics’ (BLS) inflation report for September.
The seasonally-adjusted Consumer Price Index (CPI) increased 0.3% over the month, less than August’s 0.4% month-to-month rise and below analysts’ expectations of 0.4%.
Compared to September 2024, CPI increased 3.0%, also besting expectations of 3.1%. Year-to-year in August, CPI rose 2.9%.
The increase in the so-called “core” CPI, which excludes the volatile food and energy sectors, eased to 0.2% in September, after rising 0.3% in both July and August. Compared to year-ago, core CPI rose 3.0% in September.
Indexes that increased over the month include shelter, airline fares, recreation, household furnishings and operations, and apparel. The indexes for motor vehicle insurance, used cars and trucks, and communication were among the indexes that decreased in September.
“Low inflation, tax cuts, and falling interest rates are propelling a strong economy that the media is purposely missing,” the Job Creators Network said in a statement cheering September’s results.
"Yet Democrats' refusal to reopen the government threatens this progress,” JCN CEO Alfredo Ortiz explained, addressing Democrats’ refusal to fund the government unless they get a $1.5 trillion increase funding for agenda items like health care for illegal aliens:
“The Schumer shutdown is stopping record Small Business Administration loan activity and hurting the countless small businesses that depend on federal government contracts and activity.
“Democrats need to stop holding the Main Street economy hostage and pass Republicans' clean continuing resolution to ensure Trump's economic train continues on the tracks."
September CPI data collection was completed before the lapse in appropriations. The government shut down on October 1, when Congress failed to pass a continuing resolution to keep the government open.
