Inflation in the United States slowed in January 2026, with the Consumer Price Index (CPI) rising at a 2.4 percent annual rate, according to data released by the Bureau of Labor Statistics. This marks a decrease from December’s 2.7 percent rate. Core inflation, which excludes food and energy prices, increased by 2.5 percent over the year, meeting analysts’ expectations. Gasoline prices fell by 3.2 percent during January.
House Budget Committee Chairman Jodey Arrington (R-Texas) responded to the new CPI report with a statement addressing economic policy differences between recent administrations.
"Let’s put the affordability debate to bed—Biden’s failed policies of regulate and spend created the worst inflation in almost a half a century with inflation topping out at more than 9 percent during his term. In stark contrast, President Trump and Republican policies of less taxes, regulation, and spending have helped cut inflation to 2.4 percent—half the Biden average.
"On top of that, the economy grew at a 4.4 percent clip, according to the most recent GDP report, versus 1.9 percent in the fourth quarter of Biden’s final year.
"Real wages have already increased 1.2 percent under Trump after declining 1.4 percent over Biden’s presidency, and working families are enjoying the largest tax refund in United States history.
"President Trump and Republicans are Making America Affordable Again!"
The House Budget Committee is part of the U.S. House of Representatives and includes members from key committees such as Ways and Means and Appropriations (https://budget.house.gov/). The committee is responsible for overseeing federal spending and preparing annual budget resolutions aimed at promoting fiscal responsibility (https://budget.house.gov/). It also collaborates with agencies like the Congressional Budget Office to provide independent analyses for Congress (https://budget.house.gov/).
Jodey Arrington has served as chairman of this committee (https://budget.house.gov/), which plays an important role in developing guidelines for federal spending targets and managing long-term fiscal programs (https://budget.house.gov/).
