Trump, inflation
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Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.
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CNET on MSNWith Trump's Tariffs Linked to Inflation, I'm Tracking 11 Key Products for Price MovesThe deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but a new report has nonetheless shown that inflation is once again on the rise.
Sean Hannity's effusive praise of Trump was outmatched by his deafening silence on the lawsuit Trump had just filed against Hannity's boss.
16hOpinion
Slingshot News on MSN'Tariffs Would Slow Inflation': Donald Trump Disgraces Himself By Peddling Lies About His Nonsensical Tariffs At White House LuncheonDuring a multilateral lunch event with African leaders at the White House last week, Donald Trump peddled lies about his nonsensical tariffs. A disingenuous reporter praised Donald Trump for correctly assessing that he was right about his tariffs lowering inflation.
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
The prices for food at home rose 0.3 in June, while food away from home, meaning restaurants, ticked up 0.4% on a monthly basis. Notably, the Trump administration has recently imposed a 17% tariff on Mexican tomatoes. The energy index edged up 0.9% in June, as gasoline prices jumped 1% over the month but shed 7.9% for the year.
President Donald Trump swept into office in January with a promise to tackle what he called the "inflation crisis" that had kicked off under his predecessor.
Inflation accelerated in June as President Trump’s tariffs started to leave a bigger imprint on the economy, keeping the Federal Reserve on track to hold interest rates steady when policymakers next meet this month.
The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.