US inflation accelerates to 3.7% as wholesale prices hit 2022 highs before midterms
Back-to-back CPI and PPI reports show faster price growth driven by energy costs, deepening a political problem for Trump and Republicans three weeks before the midterm elections.
Part of a larger narrative
El-Sayed Michigan Gubernatorial Campaign
- US inflation accelerates to 3.7% as wholesale prices hit 2022 highs before midtermsyou are here
- Federal Reserve study: Trump tariffs raised U.S.-made goods prices by 2.9%
- September CPI hits 3.7%, inflation's worst pre-midterm reading in decades
- Fed minutes signal another rate hike likely before year-end despite Trump pressure
What to know
- Two straight inflation reports — CPI at 3.7% and PPI at 6.3% — mark the worst readings since 2022, landing in the final weeks before the midterm elections.
- Energy costs, tied to the US-Israel war with Iran and Houthi attacks on Saudi Arabia, account for more than half of the monthly price increase, with gasoline up 34% and fuel oil up 74% year-over-year.
- A Reuters/Ipsos poll cited in coverage found 78% of Americans, including 57% of Trump supporters, blame the administration's policies for inflation outpacing wages.
- Trump has blamed Iran and the Houthis for oil price spikes and claims prices are falling, a claim economists and critics dispute using the same government data.
The dispute Commenters split between viewing Trump's handling of inflation as simple incompetence/denial versus a deliberate strategy that benefits him and wealthy allies. · positions read across 213 posts and comments
Trump is lying or incompetent about inflation and will be punished at the ballot box in November.
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“Trump is a liar.”
madgreek2024.bsky.social · Bluesky ↗
Trump and wealthy allies personally benefit from inflation at ordinary people's expense.
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“He loves it because it's great for he and his billionaires.”
bogiebrylee.bsky.social · Bluesky ↗
The economic damage is deliberate sabotage, not incompetence, possibly benefiting foreign interests.
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“Trump's real mission was to destroy the Republican Party and damage America as badly as possible.”
trumpisaterrorist.bsky.social · Bluesky ↗
Donald Trump US PresidentFederal Reserve US central bankRepublicans in Congress Majority party facing midterm electionsBureau of Labor Statistics / Labor Department Government data agency
How it unfolded 6 developments, newest first · click a bar or a number to jump articlesvideospostscomments
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Rattner rebuts Trump's claim that prices are falling
Economist Steve Rattner publicly disputed Trump's assertion that prices are coming down, citing that inflation stands at 3.7% and has risen in three of the last five months, with core inflation also increasing in September.
“Trump says prices are coming "way down." Inflation is 3.7% and has risen in three of the last five months. Core inflation rose in September too.”
— Steve Rattner -
first by PBS NewsHour, 2d ago
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Trump says prices are coming “way down.” Inflation is 3.7% and has risen in three of the last five months. Core inflation rose in September too. My @morningjoe-msnow.bsky.social Chart
2 more of the top 3 · 5 posts in this stretch
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Everything Trump touches turns to shit. Because he lives in an echo chamber and doesn't have the wherewithal to realize he isn't an expert in everything (anything really). His focus is also how does this benefit me, first and foremost. Secondly, is this good for the country. America, get rid of this man before your country slides any further down…
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This seems like the first time I've heard two-dolls tell the truth. Of course he would like the numbers. It makes him money.
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Newsweek frames CPI and PPI data as a 'double inflation blow'
Coverage tied the CPI and PPI reports together as consecutive setbacks for Trump in the final economic data before the midterms, amplifying concerns about affordability pressure on Republican candidates.
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first by NYT Politics, 2d ago · also New York Times
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first by Newsweek, 1d ago
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Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.
2 more of the top 3 · 13 posts in this stretch
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Almost nothing has come down in price since Covid in 2019-20. Quality and portions/value have come down though; A lot. What the hell happened with cereal and chips for example? The price doubled and the package shrank to half when supply chains were down. Now everything is back to normal and the corporations keep the same price/packaging? Straight…
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"Wholesale inflation data from the Labor Department on Thursday showed US producer prices climbed far more than expected in September — auguring more stiff inflation at the consumer level in the weeks and months ahead as those costs get passed along." RE:
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Producer Price Index jumps 6.3%, largest since 2022
The Labor Department reported wholesale (producer) prices up 1.3% in September and 6.3% year-over-year, up from 5.6% in August, the biggest annual increase since December 2022, driven by a surge in fuel costs.
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first by Philadelphia Inquirer, 2d ago · also ABC News, Chicago Tribune, Orlando Sentinel, Denver Post, Baltimore Sun, Mercury News +1
3 more headlines
- Wholesale inflation jumped last month by most in four years as gas prices soared ABC News · 2d ago
- Wholesale Inflation Spikes To Highest Level In 4 Years Daily Caller · 2d ago
- Wholesale inflation reaches levels last seen in 2022 Philadelphia Inquirer · 1d ago
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first by Washington Times, 2d ago · also Quartz, UPI, ABC News, CNBC
5 more headlines
- Producer prices rose 1.3% in September, the largest monthly gain since March 2022 Quartz · 2d ago
- Wholesale prices took biggest jump since 2022 in September UPI · 1d ago
- Wholesale prices soar at fastest pace since 2022 ABC News · 1d ago
- Wholesale Prices Jump 6.3% Annually in September, Biggest Gain Since 2022, as Energy Costs Surge Political.org · 1d ago
- Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 CNBC · 1d ago
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BREAKING: Wholesale prices jumped 6.3% annually in September, the biggest gain since 2022
2 more of the top 3 · 39 posts in this stretch
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⚡ NEWS US Inflation Surges Ahead of Midterms Amid Iran Tensions US consumer inflation exceeded expectations in September, driven by higher energy costs linked to ongoing tensions with Iran. This economic strain impacts American households just before the midterm elections, as President Trump campaigns to maintain Republican control of Congress. 📰…
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Not just Trump but conservatives. This happens every time conservatives have power. They are shit for the economy in every single way. Job creation stagnates or declines 3/4 of the jobs created since WWII have occurred under Democrats. Wages stagnate or decline. Unemployment rises every conservative president except Reagan saw unemployment…
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Trump blames Iran and Houthis for rising oil prices
Trump posted that Yemen's Houthi group was attacking Saudi Arabia to deliberately drive up oil prices before the elections, and defended his economic record at a rally in Wasilla, Alaska, as Democrats and commentators mocked his stance as 'pro-inflation'.
“They've emerged again, probably at the behest of Iran … in a very nasty way, hitting Saudi Arabia, and purposefully trying to drive up Oil Prices, probably prior to the U.S. Elections — NOT NICE…”
— Donald Trump -
With the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials.
2 more of the top 3 · 138 posts in this stretch
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Breaking down September's inflation report https://www. cbsnews.com/video/inflation-ac celerated-to-37-amid-rising-energy-costs-september-cpi-report-shows/?utm_source=flipboard&utm_medium=activitypub Posted into Mideast Conflict @ mideast-conflict-thenewsdesk
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But the US doesn't really control the end of the war, does it? Even if the US just gives up, Iran can still exert influence over the strait, and probably would for some time before it felt secure enough to let it normalize. Gulf coast nations with damaged infrastructure may require months or years to restore full operation. And even when the flow…
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Trump's 'end inflation' pledge resurfaces amid backlash
Critics and commentators recirculated Trump's inauguration-era promise to end inflation, contrasting it with the new CPI data; the Guardian noted 78% of Americans in a Reuters/Ipsos poll blame Trump administration policies for inflation.
“Starting on Day One of my new administration, we will end inflation, and we will make America affordable again.”
— Donald Trump -
first by CBS News, 1d ago
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"Starting on Day One of my new administration, we will end inflation, and we will make America affordable again." -Donald Trump
2 more of the top 3 · 10 posts in this stretch
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U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections.
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Soaring # Energy # Prices Push # Inflation Higher The Consumer Price Index rose 3.7% in September from a year earlier, faster than a month earlier, as # gas prices surged 34%. # Trump # economy # CPI # TrumpsWar # IranWar # WarOfChoice # Iran # energy # oil # diesel # FossilFuels # EnergyCrisis # affordability # CostOfLiving # recession #…
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BLS reports CPI inflation rose to 3.7% in September
Consumer prices rose 0.6% from August, lifting annual inflation from 3.4% to 3.7%, the highest since May, with core inflation at 2.6%. Gasoline, fuel oil and air travel costs drove the increase.
“Breaking news: Inflation rose to a 3.7 percent annual pace in September, extending a relentless climb this year pushed by surging energy prices and souring Americans on the economy as they head to the polls in three weeks.”
— Washington Post -
first by Telegraph India, 3d ago · also The Hindu, CNBC, The Hill, BusinessLine
6 more headlines
- Wholesale inflation surges to 11.39% in September as fuel, food and manufacturing prices climb Moneycontrol.com · 3d ago
- September WPI Inflation rises to 11.39% as food, fuel and manufactured goods prices increase The Hindu · 3d ago
- Consumer prices rose 0.6% in September, putting annual inflation rate at 3.7% CNBC · 3d ago
- Live updates: Inflation rises in September; Trump jets to Arizona, Montana The Hill · 3d ago
- U.S. consumer prices rise by 3.7% year-on-year in September Investing.com · 3d ago
- US inflation rises to 3.7% in September as gasoline prices surge BusinessLine · 3d ago
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first by CBS News, 2d ago · also RTÉ, Investing.com News, Fox Business
4 more headlines
- German September inflation confirmed at 3.3% RTÉ · 2d ago
- September Inflation Report Due Wednesday Expected to Show Price Growth Accelerating as Energy Costs Climb Political.org · 2d ago
- Consumer inflation rose at a faster pace than expected in September Fox Business · 2d ago
- Consumer inflation rose faster than expected in September, CPI report shows Fox Business · 2d ago
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But there are fewer black people on the teevee and isn’t that what really matters?
2 more of the top 3 · 8 posts in this stretch
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German inflation rises to 3.3% in September https://www. investing.com/news/economic-in dicators/german-inflation-rises-to-33-in-september-93CH-4945543?utm_source=flipboard&utm_medium=activitypub Posted into Economic Indicators @ economic-indicators-Investingdotcom
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Spiking costs for average American are never good news for sitting presidents — especially those who deny there’s an affordability problem that voters experience every day.
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Also covered reported alongside — the timeline has no entry for these yet
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4 outlets Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
first by Syracuse.com, 2d ago · also Courthouse News, Associated Press, Philadelphia Inquirer
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first by Forex Factory, 2d ago · also Semafor, Channel News Asia
1 more headline
- Inflation report raises Fed rate-hike odds Semafor · 2d ago
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first by Yahoo Finance, 2d ago · also CNN, KTVZ-TV
1 more headline
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first by Times of India, 2d ago · also Yahoo Finance, Axios
2 more headlines
- Surging gas prices pushed CPI inflation to 3.7% in September. The Fed is watching. Yahoo Finance · 2d ago
- Inflation heats up as gas prices surge Axios · 2d ago
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first by France 24 EN, 1d ago · also NY Post
1 more headline
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2 outlets U.S. Inflation Accelerates to 3.7% in September as Gasoline Prices Surge Weeks Before Midterms
first by Political.org, 2d ago · also The Guardian
2 more headlines
- US inflation rose to 3.7% in September in blow to Republicans before midterms The Guardian · 2d ago
- ‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections The Guardian · 2d ago
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first by Deseret News, 2d ago · also Daily Caller
1 more headline
- Inflation Jumps Higher In Final Report Before Midterm Elections The Daily Caller · 2d ago
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first by New York Times, 2d ago · also NYT
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first by WTOP News, 2d ago · also AP News
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first by Washington Post, 2d ago · also The Washington Post
and 14 smaller pieces
What people are saying 10 voices from 4 sites · best of 213 · verbatim
- How is it possible he has any supporters left given the economic data?
- Does Trump actually believe higher inflation numbers are good, or is this just political messaging?
- Oct 15
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Wholesale prices rise at fastest pace since 2022 as fuel costs climb https:// abcnews.com/Business/wholesale -prices-rise-fastest-pace-2022-fuel-costs/story?id=137284717&utm_source=flipboard&utm_medium=activitypub Posted into News @ news-abc
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“The Labor Dept’s producer price index — which captures inflation before it reaches consumers — soared 6.3% in September from a year ago, up from 5.6% in August and the biggest increase since December 2022, the government said Thurs” https:// apnews.com/article/producer-pr ices-inflation-economy-ff5adf8283a770c2ca9897b10a09dda7
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Not hyper. The actual definition of “hyperinflation” is when the costs of goods and services rise by more than 50% in a single month . However we should expect CPI-U to continue to move towards 5% annual as things currently stand. Though as I mentioned in another comment, your buying power will feel more affected since shelter costs in CPI-U are a…
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You did have more purchasing power back then. So yesterday’s CPI-U (today is PPI) doesn’t include actual shelter costs, but instead a proxy measure based on survey data. However, if you math it out, actual housing costs rose at twice the rate of reported inflation. That’s why you feel you have less buying power. As the shelter costs outstripped…
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Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterms.
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I'm not making a false claim lol. Iran has a lot of influence on oil prices. Attacking Iran has caused a spike in global oil prices and inflational around the world. Beyond just the United States. You're the one claiming there is only one cause of inflational in the states which just isn't true. Such an odd stance too considering I never said…
- Oct 14
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Bring on the"Blame Biden" & "Blame Dems" MAGA/GOP Morons, Trolls & Liars "Inflation jumps ⬆️ to 3.7% as gas & diesel prices squeeze consumers even more # TraitorTrump sold US out to Russia but the diesel fuel purchased will not help US at all https://www. nbcnews.com/business/economy/i…
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BREAKING: U.S. inflation jumped to 3.7% in September, up from 3.4% in August, moving further away from the Federal Reserve’s 2% target. Consumer prices rose 0.6% in a single month, while gas prices surged 9.1% A reminder: Inflation was 3.0% when Biden left office. Under Trump, it’s now up to 3.7%
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September CPI report shows inflation rising, again. This hot CPI report is exhibit number 327 that the policies of trump and Republicans are wrecking our economy. November is coming.
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Gas is driving America’s inflation surge. Gasoline prices jumped 9.1% in September, and fuel oil, including diesel, surged 15.3%. Energy accounted for more than half of the monthly rise in consumer prices, pushing annual inflation to 3.7%.