{"id":243340,"date":"2026-01-14T02:04:11","date_gmt":"2026-01-14T02:04:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/243340\/"},"modified":"2026-01-14T02:04:11","modified_gmt":"2026-01-14T02:04:11","slug":"live-updates-trump-tells-business-chiefs-inflation-is-defeated","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/243340\/","title":{"rendered":"Live updates: Trump tells business chiefs ‘inflation is defeated’"},"content":{"rendered":"

Trump calls inflation ‘defeated’, but the data tells a different storypublished at 19:38 GMT 13 January<\/p>\n

19:38 GMT 13 January<\/p>\n

\"\"Danielle Kaye
New York business reporter<\/p>\n

Trump claims that
\ninflation has been “defeated”. That echoes his comments on social
\nmedia earlier today, lauding new inflation data released this morning showing
\nthat the pace of price increases was relatively contained in December.<\/p>\n

But economists warn that lower
\nand middle income Americans are being hit particularly hard by rising prices,
\neven though, broadly speaking, Trump’s tariffs haven’t had as big an impact on
\nprices as initially expected.<\/p>\n

Overall, consumer
\nprices rose 2.7% from a year ago in December, the same pace as November,
\naccording to the Bureau of Labor Statistics. That figure, while relatively
\nsubdued, is still above the Federal Reserve’s 2% target.<\/p>\n

The pace of price
\nincreases also varied by sector. Food prices, which are at the heart of many
\nAmericans’ qualms about the economy, rose 3.1% from a year earlier and grocery
\nprices, specifically, rose 2.4%. Energy prices rose 2.3% year-over-year.<\/p>\n

On the other hand,
\nprices for used vehicles, some types furniture and gasoline all fell from the
\nprevious month. <\/p>\n","protected":false},"excerpt":{"rendered":"Trump calls inflation ‘defeated’, but the data tells a different storypublished at 19:38 GMT 13 January 19:38 GMT…\n","protected":false},"author":2,"featured_media":243341,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-243340","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/243340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=243340"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/243340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/243341"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=243340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=243340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=243340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}