Trump Humiliated as Inflation Rockets to New High

The Daily Beast

Trump Humiliated as Inflation Rockets to New High

Saul Loeb/AFP via Getty Images President Donald Trump has suffered a fresh economic blow after new data showed inflation surged to its highest level in more than three years. As the shock to global energy supplies from the Iran war continued to push prices higher, new figures show that the Consumer Price Index rose 4.2 percent in May compared to a year earlier. The figure is the third consecutive monthly acceleration and represents the fastest annual pace of inflation since April 2023. Read more at The Daily Beast.

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