CNBC host Rick Santelli said Thursday the United States under President Donald Trump was making “progress” in fighting inflation after the Department of Labor released new data.
The Producer Price Index (PPI) remained flat in February following a 0.6% rise in January and a 0.5% increase in December, according to a release from the Bureau of Labor Statistics. Santelli said that the expectations were for an increase in the PPI, a prediction that turned out to be false. (RELATED: Scott Jennings Asks Dem Rep Point-Blank Why Americans Should Trust Party To Fix Inflation After 4 Years Of Biden)
“On the headline, expecting up 3/10. Up zero. Goose egg. Boy, that is progress. We haven’t had a number that low. Well, we equaled it in July of last year when we had another zero. To find a lower number, you’re back to October, October of ‘23 at -4/10,” Santelli said….
