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‘Look At That!’: CNN Reporter Amazed Food, Gas Prices Tame Under Trump
“A tamer inflation report, despite President Trump’s tariffs. This is better than expected. Month over month, as you mentioned, up 0.2%. On an annual basis, up 2.7% in July,” Yurkevich said. “That’s also what we saw on an annual basis for the month of June. When you look at the key categories that we always look at — energy, food and shelter — energy fell by 1.1%. That was largely driven because of gas prices falling in the month of July by 2.2%.”
“Look at that food! I mean, this is where people spend their money, right? Food, every single day. Food flat, 0%, and actually down at the grocery store by 0.1%,” she continued. “And then shelter. We always usually see an increase because that is what people are paying on rent. And we know that rents are rising. That is usually the biggest share of this report.”