In July, inflation came in lower than expected, which “defied fears of further price increases as a result of President Donald Trump’s tariffs.” That’s been happening a lot lately.
So, what’s a Trump–hating news media to do? Admit their fear-mongering was wrong? Or, invent a new term to make even good news sound ominous?
Over the weekend, CNN Business ran a story headlined: “‘Sneakflation’: How Trump’s tariffs are gradually raising costs for American consumers.”
The article admits that “inflation has remained relatively tame” this year. “To this point, consumers have been mostly shielded from starkly higher prices.”
That’s one way to put it.
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Author: Ruth King
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