World News
Inflation and fuel costs may hurt Republicans before midterm elections
Reported inflation rose from 3% to 3.7% during Trump's term, though he says it is under 2%.
The short version
- Inflation was 3% when Trump took office and reached 3.7% last month, according to AP reporting.[Associated Press]
- Trump says inflation is under 2% and under control, a claim that differs from the reported figure.[Associated Press]
- Fuel costs are high: AAA put average gas at $4.32 a gallon in mid-October, nearly $1.30 above last year.[The Guardian]
- Stephen Moore says the Iran situation has hurt the economy and Republicans may pay a high price.[Associated Press]
Key facts
- Inflation was 3% when Trump took office and reached 3.7% last month.[Associated Press]
- A basic Ford F-150 fill-up costs about $100, up $30 from a year ago.[Associated Press]
- AAA put the average gas price at $4.32 per gallon in mid-October, nearly $1.30 above a year earlier.[The Guardian]
- Trump has said inflation is under 2% and under control.[Associated Press]
- Stephen Moore said the Iran situation has had a big economic effect and Republicans may pay a high price.[Associated Press]
What remains uncertain
- Trump's claim that inflation is under 2% conflicts with the 3.7% figure reported by AP, so the claim is disputed.[Associated Press]
- Whether Republicans will lose ground in the midterms is unknown; the outlook rests on Moore's assessment, which is opinion.[Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Trump failed to stop inflation. Now Republicans may pay the price in the midterm electionsAssociated Press · Wire: associated-press
- ‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so farThe Guardian - US