The consumer price index, which measures inflation for consumer products, sharply rose in April due largely to the ignorant and unfit Malignant Fascist's war on Iran, with gas prices leading the way. From the Associated Press:
"U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher.
The Labor Department’s consumer price index rose 3.8% from April 2025, according to data released Tuesday. On a month-to-month basis, April prices rose 0.6% from March as gasoline prices rose 5.4% during the month; the month-over-month gain was down from 0.9% increase from February to March.
Labor Department figures showed that gasoline prices are up more than 28% compared with a year ago. However, the AAA motor club listed the average regular gallon of gasoline above $4.50 on Tuesday, about 44% more than it cost last year at this time.
Excluding volatile food and energy costs, so-called consumer core prices rose 0.4% last month from March and 2.8% from April 2025, relatively modest readings that suggest the energy price burst has yet to spill over more broadly into other prices." (our emphasis)
Note the last caveat: energy prices haven't rolled over into other prices...yet. When they do, and they will, the MF will have a major problem on his small hands just months before the mid-term elections.
"It's the economy, stupid and it's stupid's economy."
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