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Trump's inflation flippancy gifts Dems ready-made midterm ads AxiosOpinion | Inflation gets even worse The Washington PostTrump says ‘I love the inflation,' Bill Gates testifies about his Epstein ties AP NewsConsumer prices rose 4.2% annually in May, highest in three years CNBC'The die has been cast': Trump allies fear it's too late to reverse economic woes Politico
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The world economy is weakening as energy prices fuel a new bout of inflation.
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Inflation has jumped to its highest level in more than three years. Much of the increase is fueled by higher gasoline prices since the U.S. launched its war with Iran.
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Oil prices jumped after the United States and Iran exchanged fire for a second day, heightening fears that the two countries could slide back into open conflict.
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As inflation outpaces workers' wages, the Trump administration insists that its agenda is working.
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