Kevin Hassett, Director of the White House National Economic Council, said the June 2025 Consumer Price Index report showed inflation at 3.5% [1].
The announcement comes as the administration seeks to reassure the public regarding the cost of living and demonstrate the efficacy of current economic strategies.
Speaking during a White House briefing, Hassett said the data was the best inflation report in years [1]. He said the decline in costs was due to the policies of President Trump, specifically citing reductions in the prices of energy, food, and drugs [1].
The Consumer Price Index is a primary measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The reported 3.5% [1] figure represents a key metric for the administration's economic performance evaluation.
Hassett said the current trend reflects the success of the government's approach to managing price stability. The briefing focused on the intersection of policy decisions and the resulting market shifts in essential goods, particularly the cost of medicine and fuel.
By highlighting the June 2025 data, the National Economic Council aims to provide a counter-narrative to ongoing concerns about inflation's impact on American households. The administration maintains that its focus on deregulation and energy production has played a role in lowering these costs [1].
“the best inflation report in years”
This statement reflects the administration's effort to link specific macroeconomic outcomes to executive policy. By focusing on the June 2025 CPI data, the White House is attempting to build a narrative of economic recovery and stability to bolster public confidence in the current administration's fiscal management.
