9 Articles
9 Articles
U.S. inflation accelerated to 3.7 percent in September compared to 3.4 percent in August.
Despite a lull in food and health costs, the prolonged blockade of the Strait of Ormuz makes oil and fuel prices jump, putting President Trump in a bad position L
High energy costs put pressure on the US economy: consumer prices rose faster than expected compared to the previous year. Just before the interim elections, Donald Trump put pressure on the US economy.
Analysis: The new inflation figures for the US are a slap in the face to Donald Trump just three weeks before the crucial midterm elections for Congress. It is the war against Iran that is now stealing Americans' purchasing power. And Trump was elected on bringing down prices.
In the US, consumer prices are rising surprisingly because of the Iran war - because expensive oil costs fuel. For President Trump, this could be a problem in the forthcoming interim elections.
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