According to the US Bureau of Labor Statistics the US inflation rate decreased to an eight month low in June to 1.6%.
Joana Taborda at Trading Economics wrote:
Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent fall in gasoline prices.”
President Trump’s executive actions to move forward with the Keystone XL and Dakota Access pipelines may not only reduce the cost of gasoline in the States which impacts inflation, they also are instrumental in ensuring the US’s energy independence and will create many good paying jobs.
Gaurav Sharma, at Forbes wrote in January about President Trump’s energy policies:
By any stretch of anyone’s imagination, it is fair to say the lead up to, as well as the first few days of the Donald Trump administration have been nothing short of spectacular for U.S. Oil and Gas Inc. Barely hours after Trump had taken office as the 45th President of the USA, an overhauled White House website proudly declared its new found pro energy industry credentials. Guidance on climate change – [READ MORE HERE]
Source: EU Times