Higher Energy Prices Lift US Inflation Before Midterm Elections
The consumer price index rose 3.7% in September, and more than 70% of respondents in recent polls disapprove of Trump’s handling of inflation.
- On Wednesday, the U.S. Department of Labour reported consumer prices rose 3.7 per cent in September, deepening Republican concerns about maintaining control of Congress in the midterm elections on Nov. 3.
- Rising energy costs, driven by the war with Iran, have pushed prices up; President Donald Trump dismissed affordability concerns as a "con job by Democrats," insisting costs would start falling soon.
- Numerous polls show more than 70 per cent of Americans disapprove of Trump's handling of inflation, while his approval ratings dipped to around 30 per cent ahead of the midterms.
- With midterms less than three weeks away, Trump has embarked on what polling analyst Tim Malloy describes as "a last mad dash" to shore up Republican candidates in Alaska, Kansas, Ohio, and Texas.
- Voters like Christalyn Levy, a cashier, report having "nothing left" after rent, while Spencer Kimball of the Emerson College Polling Center warns it is "hard to imagine" relief within three weeks.
21 Articles
21 Articles
Higher energy prices lift US inflation before midterm elections
Higher energy prices drove up inflation in the United States in September, a warning shot to President Donald Trump before midterm elections that have centered primarily on affordability concerns. The uptick in consumer prices will also keep the Federal Reserve under pressure to raise interest rates for a second time this year.
As U.S. inflation rate spikes, Republican midterm hopes sink
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President Donald Trump’s economic agenda is coming back to bite him as voters face rising prices and paychecks that aren’t keeping up, according to a new Slate analysis. Politics writer Ian Prasad Philbrick argued Wednesday that booming stocks and relatively low unemployment offer little comfort to Americans more concerned about affording groceries, rent and gas.“Two data points out today show why Donald Trump and his party are probably in for a…
Republicans Fret as Inflation Climbs Again
“On the eve of an election that could turn on affordability, the nation is getting less affordable,” the New York Times reports. “That’s the takeaway from today’s inflation report, which deepened Republican gloom as it revealed that rising energy costs, largely driven by the war with Iran, have pushed prices up with a few weeks to go until the midterms.” “The report showed that consumer prices last month were 3.7 percent higher than they were a …
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