Washington, D.C. | November 14, 2025:
The White House has released a detailed report highlighting what it describes as “significant progress” in taming inflation, lowering costs, and boosting economic recovery under President Donald J. Trump’s second term. In a statement published Friday, the administration blamed the Biden era for “years of mismanagement” that triggered a cost-of-living crisis and said Trump’s policies are now reversing that trend.
According to the administration, inflation — which peaked at 9.1% in 2022 under President Biden — has averaged 2.7% during Trump’s current term. The White House claims this marks the first overall drop in prices since 2020.
In addition to curbing inflation, the administration said real wages have increased by nearly $700, a reversal from declining purchasing power during the previous administration. The report also claims that average gas prices are at a four-year low, and Americans are on track to spend the lowest share of their income on gasoline in 20 years.
Hailing these developments, the White House credited deregulation efforts and tax reform — including eliminating taxes on tips, overtime, and Social Security benefits — for improving affordability and wage growth. Officials also pointed to increased domestic investment and job creation, saying that more American-born workers are employed now than at any time in U.S. history.
The administration further touted steep reductions in the federal deficit through spending cuts, tariff revenues, and interest savings.
While the report presents a highly optimistic view of economic trends, independent economists have urged caution, noting that some metrics — such as housing costs — remain high despite recent easing. They also warn that global uncertainty and long-term inflation risks remain factors to watch.
The White House insists that it will continue pursuing policies aimed at reducing costs and raising wages for “everyday Americans,” stating: “We’re making progress — and the best is yet to come.”
