Wholesale Prices Surge 6.3% as Trump Tells Rally ‘We Don’t Have Inflation’
Producer prices post their biggest annual jump since 2022, days after CPI showed consumer inflation at 3.7% just weeks before the midterms.
Part of a larger narrative
El-Sayed Michigan Gubernatorial Campaign
- Wholesale Prices Surge 6.3% as Trump Tells Rally ‘We Don’t Have Inflation’you 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
- September CPI rose to 3.7% annually, the highest pre-midterm inflation rate since 1990 excluding the pandemic, driven mainly by surging gasoline and fuel oil costs linked to the Iran war.
- A day later, producer (wholesale) prices were reported up 6.3% year-over-year, the largest jump since December 2022, raising fears of further consumer price hikes through the holidays.
- Trump publicly disputed the inflation data at a rally, saying "we don't have inflation," even as polls show 78% of Americans, including most Republicans, blame his administration's policies.
- The reports land three weeks before the midterm elections, with Democrats and online critics framing persistent inflation as a central GOP vulnerability.
The dispute Whether Trump's dismissal of inflation reflects deliberate self-interest (benefiting himself and the wealthy) or genuine economic ignorance. · positions read across 205 posts and comments
Trump and wealthy allies benefit from inflation while it hurts ordinary Americans, so he doesn't mind it.
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“He loves it because it's great for he and his billionaires.”
bogiebrylee.bsky.social · Bluesky ↗
Commenters mock Trump by impersonating his boastful rhetoric applied to inflation.
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“Let me tell you, folks — inflation is going to be HUGE. Absolutely tremendous. People come up to me, they say, "Sir, nobody does inflation like you."”
vtorphoto.bsky.social · Bluesky ↗
Trump and his supporters simply don't understand what inflation means or how it works.
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“Trump is so thick that he thinks higher inflation is a good thing.”
accidentaladvocate.bsky.social · Bluesky ↗
Donald Trump U.S. PresidentFederal Reserve Central bank
Ted Lieu Democratic U.S. RepresentativeBureau of Labor Statistics Federal statistical agency
How it unfolded 6 developments, newest first · click a bar or a number to jump articlesvideospostscomments
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Trump tells rally "we don't have inflation", disputing CPI data
At a rally, Trump disputed the government's inflation figures and claimed the country has little to no inflation, a statement at odds with both the CPI and PPI reports released that week.
“we don't have inflation…”
— Donald Trump -
1 outlet first by CBS News, 19h ago · read ↗
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Labor Dept: Wholesale Inflation Soared 6.3% In Sept. The Labor Department’s PPI — which captures inflation before it reaches consumers — soared 6.3% in September up from 5.6% in August and the biggest increase since December 2022, the government said Thursday.
2 more of the top 3 · 32 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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Producer Price Index shows wholesale inflation jumped 6.3% annually
The Labor Department reported wholesale (producer) prices rose 6.3% year-over-year in September, up from 5.6% in August and the biggest increase since December 2022, driven largely by a jump in fuel costs and exceeding forecasts of roughly 5.5%.
“The Labor Department's PPI — which captures inflation before it reaches consumers — soared 6.3% in September up from 5.6% in August and the biggest increase since December 2022…”
— Associated Press -
first by Philadelphia Inquirer, 22h ago · also ABC News, Chicago Tribune, Orlando Sentinel, Denver Post, Baltimore Sun, Mercury News
1 more headline
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first by UPI, 19h ago · also ABC News, CNBC
3 more headlines
- Wholesale prices soar at fastest pace since 2022 ABC News · 19h ago
- Wholesale Prices Jump 6.3% Annually in September, Biggest Gain Since 2022, as Energy Costs Surge Political.org · 19h ago
- Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 CNBC · 19h 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 · 24 posts in this stretch
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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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# CNN # News Wholesale inflation jumped in September by most in four years
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Viral post accuses Trump of being "pro-inflation" sparks mass backlash
A Bluesky post declaring Trump "pro-inflation" drew over 5,500 likes and 275 comments, triggering a wave of mocking and angry responses accusing Trump of profiting from rising prices while ordinary Americans suffer.
“Trump again comes out as pro-inflation…”
— thetnholler.bsky.social -
6 outlets Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
first by Syracuse.com, 1d ago · also CNN, KTVZ-TV, Courthouse News, Associated Press, Philadelphia Inquirer
1 more headline
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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 · 132 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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Trump's real mission was to destroy the Republican Party and damage America as badly as possible.
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Economists and lawmakers call the report a GOP midterm liability
Journalists, economists and Democratic members of Congress including Rep. Ted Lieu characterized the hot CPI print as further evidence that Trump administration and Republican policies were damaging household budgets ahead of the vote.
“This hot CPI report is exhibit number 327 that the policies of trump and Republicans are wrecking our economy. November is coming.”
— Rep. Ted Lieu -
R
"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 · 12 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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Critics contrast Trump's 2025 vow to "end inflation" with new data
Commentators and Democratic lawmakers circulated Trump's earlier pledge to end inflation alongside the fresh CPI figures, framing the report as a political liability heading into the midterms.
“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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But there are fewer black people on the teevee and isn’t that what really matters?
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Inflation picked up last month, and it wasn't all oil and gas. Wondering if there are still tariff effects here: Clothing - up 0.3% last month, 3.4% from year ago Shoes - up 0.5% m/m, 3.4% y/y Sport equipment - 0.4%, up 4.7% y/y Toys - up 4.2%! m/m, 6.6% from year ago.
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Memo to Republicans: Happy Midterms!.... @washingtonpost.com: Prices increased faster in September in last inflation report before Election Day
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BLS reports September CPI rose to 3.7% annually
The Bureau of Labor Statistics said consumer prices rose 0.6% in September, lifting annual inflation to 3.7% from 3.4% in August, with gasoline up 34% year-over-year and fuel oil up 74%, the highest pre-midterm inflation rate since 1990 outside the pandemic.
“Breaking news: Inflation rose to a 3.7 percent annual pace in September, extending a relentless climb this year pushed by surging energy prices…”
— Washington Post -
first by Telegraph India, 2d 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 · 2d ago
- September WPI Inflation rises to 11.39% as food, fuel and manufactured goods prices increase The Hindu · 2d ago
- Consumer prices rose 0.6% in September, putting annual inflation rate at 3.7% CNBC · 2d ago
- Live updates: Inflation rises in September; Trump jets to Arizona, Montana The Hill · 2d ago
- U.S. consumer prices rise by 3.7% year-on-year in September Investing.com · 2d ago
- US inflation rises to 3.7% in September as gasoline prices surge BusinessLine · 1d ago
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first by Daily Caller, 21h ago · also Philadelphia Inquirer, PBS NewsHour, Fast Company
3 more headlines
- Wholesale inflation reaches levels last seen in 2022 Philadelphia Inquirer · 17h ago
- Wholesale inflation hits levels not seen since 2022 PBS NewsHour · 15h ago
- Wholesale inflation reaches levels last seen in 2022 amid soaring energy costs Fast Company · 14h ago
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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.
1 more of the top 2 · 2 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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Also covered reported alongside — the timeline has no entry for these yet
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first by Forex Factory, 1d ago · also Semafor, Channel News Asia
1 more headline
- Inflation report raises Fed rate-hike odds Semafor · 1d ago
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first by Times of India, 1d 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 · 1d ago
- Inflation heats up as gas prices surge Axios · 1d ago
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first by NYT Politics, 1d ago · also New York Times
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first by New York Times, 1d ago · also NYT
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first by WTOP News, 1d ago · also AP News
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first by Washington Post, 1d ago · also The Washington Post
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first by BBC, 1d ago · also BBC Business
and 12 smaller pieces
What people are saying 14 voices from 4 sites · best of 205 · verbatim
- Is this old or did he say it again? If the latter, does he believe that the higher the number, the better it is?
- Yesterday
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i don't care about the index math... i went to costco yesterday and nearly had a heart attack at the price of dried mangoes. gas is up too. it feels like my wallet is bleeding out while some suit talks about 'transitory' supply shocks. the disconnect between their spreadsheets and my grocery receipt is insane.6.3% PPI and green candles? Pure cope.
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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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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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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%.
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It's Stupid's Economy. Thanks, Trump. Broad Pickup in Prices Lifted Inflation to 3.7% in September
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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.