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LetMyPeopleVote

(181,755 posts)
15. MaddowBlog-U.S. inflation surged in April, pushed higher by the effects of the Iran war
Tue May 12, 2026, 11:56 AM
15 hrs ago

A White House official said two weeks ago, “Inflation is going down.” It was absurd then. It’s worse now.

The White House’s Peter Navarro, two weeks ago: “Inflation is going down.”

Reality, this morning: Inflation just surged to a three-year high.
www.ms.now/rachel-maddo...

Steve Benen (@stevebenen.com) 2026-05-12T12:49:58.155Z

https://www.ms.now/rachel-maddow-show/maddowblog/u-s-inflation-surged-in-april-pushed-higher-by-the-effects-of-the-war-in-iran

Last week, the public confronted a fresh round of discouraging news, as the Commerce Department showed a jump in the core Personal Consumption Expenditures Price Index, which reached its highest level in almost three years. On Tuesday morning, conditions went from bad to worse. CNBC reported:

Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy.

The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday
.


The data, which was even worse than expected, showed consumer prices in the U.S. rising at the fastest rate since May 2023. As a related report in The New York Times noted, the price increases were “driven largely by energy prices,” which climbed as a result of the unnecessary war with Iran.

An NBC News report added, “April’s inflation rate is now rising faster than wages, which could exacerbate the affordability crisis that has already been gripping consumers.”

The latest national CNN poll found that 77% of respondents — including a majority of Republican voters — agreed that Trump’s policies have increased the cost of living. The same poll found that just 30% of Americans approve of the president’s handling of the economy, a career low for the Republican across both of his terms. That mirrored the results of the latest national Associated Press poll.

If White House officials, eager to peddle inane happy talk in defiance of Americans’ real lives, were counting on survey data to improve anytime soon, they’re likely to be disappointed.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Well, yeah... displacedvermoter 19 hrs ago #1
Full report UpInArms 19 hrs ago #2
I wonder who will get fired for this fake report Raven123 18 hrs ago #3
And who believes this??? essaynnc 18 hrs ago #4
That damn Biden - it is all his fault. magicarpet 18 hrs ago #5
It was 2.9% when TSF took office and was "going to end inflation". sinkingfeeling 18 hrs ago #6
Nice work Sleepy don chicoescuela 18 hrs ago #7
Republicans (including him) should be how we message this for the next 5 months. Pound Republicans are causing this Cheezoholic 18 hrs ago #10
Repukes don't need no Pandemic to fleece your wallet and trigger high inflation ;) n/t Cheezoholic 18 hrs ago #8
GRAPHS progree 18 hrs ago #9
Can I ask, because I'm an economic dummy, do they calculate that rate from the prices only going back a year? Cheezoholic 17 hrs ago #11
Yes, they do month over month and year over year calculations. SamuelAdams 17 hrs ago #12
You're not a dummy, your take on inflation is correct progree 13 hrs ago #20
Gosh who could've predicted any of this? durablend 17 hrs ago #13
Just imagine if REAL INFLATION including energy and food were calculated JT45242 16 hrs ago #14
The regular CPI has food and energy. progree 14 hrs ago #18
Thanks 8-10% os more believable based on my costs -- JT45242 12 hrs ago #21
MaddowBlog-U.S. inflation surged in April, pushed higher by the effects of the Iran war LetMyPeopleVote 15 hrs ago #15
I do not know what categories they are looking at, or what math, but niyad 15 hrs ago #16
According to this non-govt inflation index, prices rose only 2.4% year-over-year progree 13 hrs ago #19
Don't worry... Gymbo 15 hrs ago #17
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