Trump Claims 1.7% Inflation, Says He Doesn't Think About Americans' Finances
Updated
Updated · ms.now · May 15
Trump Claims 1.7% Inflation, Says He Doesn't Think About Americans' Finances
4 articles · Updated · ms.now · May 15
Fox News aired Trump saying he had lowered prices “incredibly” and, when asked about Iran talks, that he does not think about Americans’ financial situation.
Those remarks landed after a week of inflation data showing consumer prices at their highest level in nearly 3 years, with inflation again running above wage growth.
Core PCE and wholesale prices also posted their strongest annual increases in more than 3 years, undercutting Trump’s earlier claims that inflation was 1.7% before the war and that gas prices had fallen substantially.
More than three-quarters of Americans in multiple national polls say Trump’s policies have made the cost of living worse, adding political pressure as midterm elections approach.
Beyond global conflict, what hidden economic forces are quietly driving up your cost of living?
Can technological innovation in housing and energy provide faster relief than traditional government policy?