Inflation took a sharp dive in November, easing the financial squeeze that’s plagued families since the Biden era’s economic blunders. This drop hands President Trump a clear victory, proving his bold policies have tamed the beast that started roaring under the previous administration.

The latest figures from the Department of Labor show the consumer price index climbed just 2.7 percent compared to a year earlier. That’s a solid drop from September’s three percent mark and beats the economists’ guess of 3.1 percent. The report got held up thanks to the federal government shutdown that dragged on from early October into the middle of November, but now it’s out, and the numbers speak volumes.

President Trump didn’t hold back in celebrating this turnaround during his prime-time address on Wednesday. “Very simple, we are making America great again tonight,” he stated. “After 11 months, our border is secure. Inflation is stopped. Wages are up. Prices are down.”

Shoppers felt the relief across the board last month, with costs dipping for hotel rooms, fun outings, and clothes. Even housing expenses, covering rents and homeownership costs, inched up by a mere 0.2 percent over the two months since the last report. That’s the tamest inflation rise in almost five years, a huge break for families struggling with sky-high living costs.

Grocery bills barely budged, with food prices ticking up just 0.1 percent—the slowest creep in months. This kind of stability at the supermarket checkout is exactly what hardworking Americans have been craving after years of sticker shock.

Digging deeper, the core CPI—which ditches the wild swings in food and energy—grew 2.6 percent from 2024. That’s under the predicted three percent and marks the lowest core rate since the start of 2021. From September, core prices rose just 0.2 percent, reinforcing the cooling trend.

Nobody saw this steep drop coming; forecasts in Econoday’s poll had the low end at 2.9 percent for overall prices. Trump’s team has outpaced even the most optimistic predictions.

Critics love to bash tariffs, but the data shreds that narrative. Prices in heavily tariffed areas stayed remarkably flat. Prices for core goods, minus food and energy, rose 1.4 percent from 2024.

Vehicle costs stayed in check too: new cars up 0.9 percent, new trucks at 0.6 percent. These numbers prove tariffs aren’t fueling price hikes; they’re protecting American jobs without punishing consumers.

On the flip side, services drove most of the remaining pressure, with core services excluding energy up three percent.

Remember, the CPI tracks what U.S. buyers shell out for goods and services, including imports. It fully accounts for tariffs, yet the tame figures show how Trump’s trade toughness is working without the doomsday inflation spikes the elites warned about.

Wall Street likely cheered the report, with bond yields tumbling and stock futures surging.

The inflation slowdown news can be seen as green light for the Federal Reserve to slash rates further next year, unlocking more growth and opportunity for Main Street America.

How would you grade Trump’s job on the economy so far? Comment with your thoughts down below!