News Wrap: Economic data shows inflation easing at start of year
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 13 February 2026
⏱️ 7 minutes
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| 0:00.0 | In the day's other headlines, new economic data out today showed inflation easing to start the year. |
| 0:06.9 | Prices rose just 2.4% last month compared to a year ago. |
| 0:11.2 | It is a welcome sign for consumers, even as prices remain stubbornly high. |
| 0:17.0 | As anyone who's gone grocery shopping or filled up their gas tank knows, inflation surged as the COVID pandemic took hold. |
| 0:24.4 | It peaked near 10% before a steady decline to where we are today near a five-year low. |
| 0:31.2 | Speaking to troops today at Fort Bragg, President Trump celebrated today's data. |
| 0:36.7 | We just had fantastic reports on inflation, way down. |
| 0:41.3 | Costs of products, way down. |
| 0:43.3 | We inherited a mess, total mess, and now it's really coming along. |
| 0:48.3 | In fact, inflation still remains above the Federal Reserve's 2% target rate, and consumers remain frustrated by high prices. |
| 0:58.3 | But economists say today's better than expected numbers are likely to boost the chances of rate cuts moving forward. |
| 1:05.7 | The Trump administration is suing Harvard University, saying it refused to provide admissions records |
| 1:12.2 | that officials have demanded. A lawsuit filed today alleges that Harvard, quote, thwarted |
| 1:17.9 | the Justice Department's efforts to investigate potential discrimination related to affirmative |
| 1:23.5 | action at the school. Harvard insists that it is in compliance with the law. This is just the |
| 1:29.5 | latest legal battle between the two, with Harvard saying today that it will, quote, continue |
| 1:34.7 | to defend itself against these retaliatory actions by the Trump administration. In Minneapolis, |
| 1:41.9 | federal authorities are investigating whether two ICE agents lied under oath about an |
| 1:47.1 | incident in which one of them shot a Venezuelan immigrant in the leg. Ice acting director Todd |
| 1:53.1 | Lyons announced the joint probe with the Justice Department after video evidence revealed |
| 1:58.5 | what Lyons called untruthful statements in their testimony, |
| 2:03.0 | the shooting in mid-January kicked off hours of tense protests in the city |
... |
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