71 Consumer Prices Fell in January as Inflation Hit its Lowest Mark Since March 2021

Seventy-one goods and services dropped in price in January, and core consumer prices rose just 2.5 percent compared with 12 months earlier — the lowest rate of core inflation since March 2021. Goods prices fell 0.1 percent from December, and excluding food, goods prices dropped by nearly half a percentage point in a single month.

According to Breitbart, that March 2021 benchmark matters. It marks the moment the Bidenflation era was just getting started — the beginning of a years-long squeeze on American wallets that eroded savings, punished fixed-income households, and made grocery runs feel like luxury outings. The economy is now digging out from the mess created by Joe Biden’s spending spree and the Federal Reserve’s inflationary monetary policy under Jerome Powell.

And the trend line is moving in the right direction.