Inflation’s chokehold on American wallets just loosened under President Donald Trump. The personal consumption expenditures (PCE) index, the Federal Reserve’s go-to inflation gauge, plummeted to its lowest level in four years in April 2025, signaling a win for Trump’s economic playbook.
The Daily Caller reported that the Commerce Department reported that the PCE index, tracking spending on goods and services, hit a low not seen since March 2021. This drop followed a modest 0.2% rise in spending, driven by housing and health care.
Trump’s team wasted no time claiming credit, and frankly, the numbers back them up. Both the PCE and Core PCE, which strip out food and energy prices, crept up by just 0.1% from March to April 2025.
That’s not just a slowdown—it’s a screeching halt to the price surges that plagued the Biden era. The data screams relief for families tired of stretching their budgets.
The consumer price index echoed this trend, rising a mere 0.2% in April 2025, per the Daily Caller News Foundation. This marks another four-year low, defying doom-and-gloom predictions about Trump’s tariff-heavy approach. Turns out, actions have consequences—and these are the good kind.
Despite naysayers like former Trump official Steve Moore fretting over tariffs, inflation didn’t just dip—it dove.
The Harvard University Center for American Political Studies/Harris poll in May 2025 found 51% of Americans calling the economy “strong” under Trump. That’s not blind optimism; it’s math meeting public sentiment.
“President Donald J. Trump’s economic agenda is working: inflation is down, income is up, and the trade deficit just fell by the largest amount on record,” Karoline Leavitt, Trump’s press secretary, boasted on X on May 30, 2025. She’s not wrong, but the real test is whether this sticks. Bragging’s easy; sustaining it’s the trick.
Trump’s 2024 campaign hammered inflation and gas prices, issues that dogged Biden’s tenure. Their promise to ease economic pain seems to be paying off, with April’s numbers showing real progress. Voters aren’t dumb—they feel this at the grocery store.
The PCE index’s $47.8 billion spending bump in April 2025 sounds big, but it’s a controlled burn, not a wildfire. Housing and health care led the charge, but the overall 0.2% increase keeps things steady. Stability isn’t sexy, but it’s what Americans craved after years of chaos.
EJ Antoni, chief economist at the Heritage Foundation, told the Daily Caller News Foundation, “Inflation has slowed noticeably since President Trump took office, and that means relief for the average American who has suffered under years of the Biden administration’s cost-of-living crisis.”
He’s preaching to the choir. The Biden years left scars, and Trump’s team is salting those wounds with results.
Antoni added, “Not only did the annual rate of increase in the core PCE price index for April hit its lowest level since March 2021, but annual inflation as measured by the headline PCE price index hasn’t been lower since February 2021.”
That’s a mouthful, but it boils down to this: inflation’s in retreat. Economists can argue theory; Americans just want cheaper gas.
Trump’s critics warned his tariffs would tank the economy, yet April 2025’s data laughs in their face. The PCE and consumer price indices both confirm inflation is on a leash. Maybe it’s time for the pundits to eat some crow.
The Harvard poll’s 51% approval of Trump’s economy isn’t just a number—it’s a rebuke to the progressive agenda that fueled price spikes. Americans aren’t buying the “everything’s fine” narrative peddled by woke elites anymore. They’re voting with their confidence.
Trump’s campaign didn’t just promise to tackle inflation—they swore to crush it. April 2025’s numbers suggest they’re not bluffing, with both PCE and Core PCE showing minimal monthly gains. That’s the kind of progress that shuts up skeptics.
