inflation

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News

The latest inflation report shows that high prices are Trump’s major economic challenge

As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters’ fears about the economy. “I will very quickly deflate,” he promised at a California rally. “We are going to take inflation, and we are going to deflate it. We are going to deflate inflation. We are going to defeat inflation. We’re going to knock the hell out of inflation.” Wednesday’s consumer price index report showed that inflation is punching back — and President Trump could end up […]

todayFebruary 13, 2025

News

Trump’s economic plans would worsen inflation, experts say

WASHINGTON (AP) — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a […]

todayOctober 16, 2024

News

‘Politics Explained’: Is Biden or Trump to blame for inflation? And how will Harris or Trump change the economy?

Inflation has been a central concern for voters in the upcoming election, with many pointing fingers at President Joe Biden and Vice President Kamala Harris. But is it fair to blame them entirely for the rising cost of goods? The answer, like the causes of inflation itself, is complex. Although inflation is currently at its lowest since March 2021, many families continue to struggle with higher prices. News stories and social media show some voters blaming the Biden-Harris administration for […]

todaySeptember 19, 2024