Defying the bill title: Majority party leaders have coined the revamped bill the “Inflation Reduction Act,” aiming to lower prices by reducing the cost of prescription drugs and tweaking tax mandates, as well as creating perks to push Americans and U.S. businesses to make “clean” choices to help fight climate change.

But the new budget modeling predicts the package Democrats are trying to pass along party lines “would very slightly increase inflation until 2024 and decrease inflation thereafter.”

Define ‘slightly’: The inflation impact would be incredibly minor and “statistically indistinguishable from zero,” the report says. So the budget analysts have “low confidence” that the package will have any impact on prices at all.

The package would reduce deficits, though, by an estimated $248 billion over 10 years, Penn Wharton predicts.