Inflation Complicates Trump’s Midterms Pitch to Voters

With less than two months until the midterm elections, President Trump commenced a final push this week to preserve his Republican majority in Congress, arguing that the United States under G.O.P. control had brought prices “way, way down.”

But for many families and businesses, the economy appeared to be on far shakier footing by Friday. Fuel prices soared, mortgage costs climbed and inflation registered uncomfortably high, testing the public’s patience with Mr. Trump’s frequent assurances that the country is on the right track.

The contrast underscored the political and economic stakes for Mr. Trump, who may soon face the wrath of an electorate long spurned by promises in Washington to lower the cost of living. As November draws closer, prices have risen under the president’s leadership, driven largely by an agenda that has included two years of punishing trade brinkmanship and a prolonged war with Iran.

The consequences were evident in the latest gauge of the Consumer Price Index, released on Friday. The report showed that prices rose at an annual pace of 3.4 percent in August, which increased the odds of the Federal Reserve’s raising interest rates next week.

Article source: https://www.nytimes.com/2026/09/12/us/politics/trump-inflation-midterms.html