Trump Gets Brutal Economic Reality Check on Soaring Prices
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President Donald Trump was hit with another brutal economic measure on Wednesday, as wholesale prices posted the largest monthly increase in more than four years.
It comes as Americans have become increasingly frustrated with the president over the higher cost of living in the U.S. as the Iran war drags on, driving up prices closer to home.
Wholesale prices rose 1.4 percent in April, well above the 0.5 percent economists had expected and double the 0.7 percent increase seen in March, according to the producer price index (PPI).
It was the largest monthly increase since March 2022.
https://www.thedailybeast.com/trump-gets-brutal-economic-reality-check-on-soaring-prices/">Read more at The Daily Beast.
US wholesale inflation hits 6%
- Iran War Sends Gas Prices Higher, Lifting U.S. Inflation To 3.8% Annually 📹 CNBC — · 2min
- BREAKING: April inflation rate surges to 3.8% 📹 NBC News — · 5min
- Inflation spikes to 3.8 percent in April, higher than expected The Hill —
- Inflation could hit 4% next month and stay elevated for rest of year, economist warns PBS —
- Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years 📹 CBS News — · 4min