Yesterday’s report on inflation was filled with encouraging news as the CPI has fallen to 2.7% year-over-year and the trend in the last two months has inflation on a course to dip to below the Fed target of 2%.
Why are people so angry when the average income is rising faster than prices?
Part of the problem is psychological: Americans are focused on things that are rising in price (like beef) not falling in prices (like pork chops).
Here’s a handy guide of major consumer items that have fallen in price under Trump 2.0:

