Remind us again about who was president in March? You wouldn’t know if you only depended on the CNN News Central report on the very unexpected DROP in the rate of inflation in March that was presented by reporter Matt Egan. Despite all his gushing about the drop in the inflation rate, Egan couldn’t bring himself to mention the T-name. Oh, and the other name missing from Egan’s report was Joe Biden despite having presided over monthly increases in the inflation rate throughout his time in the White House from 2021 through January 20, 2025.
Watch Egan present the very good news on the inflation front without ever mentioning You-Know-Who.
CNN has to keep reporting win after win with this new Trump Administration, this time on wholesale inflation coming down.
“We were expecting an increase in prices. Month over month. We did not get that. We got a DROP in prices. Look at this 0.4%. That is much better than… pic.twitter.com/Ga1mYHTwtc
— DeVory Darkins (@devorydarkins) April 11, 2025
JESSICA DEAN: Breaking moments ago, new data shows wholesale prices easing this month. Matt Egan is joining us now to kind of walk us through this new information. So, what are we finding out?
MATT EGAN: Well, Jessica, this is the second day in a row we’re getting some encouraging news on the cost of living. The one catch, and it is a big one, is that it does not fully capture the impact of the trade war, right? This is measuring prices in March, before the full impact of all the tariff increases. But let me run you through the numbers first.
So, we’re talking about the Producer Price Index. This is wholesale inflation before it gets to all of us as consumers. And we were expecting an increase in prices month over month. We did not get that. We got a drop in prices. Look at this, 0.4 percent. That is much better than anticipated. The annual rate we were anticipating around 3.3 percent. We did not get that. We got a much lower number, 2.7 percent. This is a deceleration. When we look at the trend, we can see that things have certainly improved from a few years ago when it comes to inflation. This metric – the graph’s not up right now, but this metric was around 11, 12 percent.
So not even a lower increase in the rate of inflation which the Biden administration crowed about but an actual “deceleration” which is an actual drop in real inflation. Gee! And it happened only after a certain someone, noticeably not mentioned by Egan, recently took office.
DEAN: We want you to do it from memory. Yes.
EGAN: So, it was really, really high. It has come down significantly. Now, why was this number better than expected? There’s a few factors. One of them is energy, right. We’ve seen oil prices plunge. That has lowered the cost of energy. When you think about gasoline and diesel. So, that’s one of the things.
Of course, energy is not only getting cheaper for good reasons. Some of that is recession fears. The other big factor here was egg prices. And I know that’s something that everyone is following very closely. And we did see some good news on eggs. Egg prices, they fell month over month by 21 percent at the wholesale level. That is very encouraging. That is a very big improvement from the month before. However, we’re still looking at dramatic increases on an annual basis, 165 percent. And we learned yesterday that the cost of eggs in the supermarket for consumers is still at all-time highs.
Egan states that energy is getting cheaper because oil priced “plunged.” Was the reason for this due to a recent change to an administration which encourages, not discourages, oil production? Egan is obviously reluctant to reveal that.
At least CNN, unlike much of the media which was reluctant to even report on the good economic news, did give us the inflation details but somehow absurdly neglected to mention the main reason why (change in administrations) the sudden change in inflation rate.
