‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far
Summary
The article says inflation has risen again during Donald Trump’s second term, with higher gas prices linked to the Iran war and disruption to oil shipments through the Strait of Hormuz. It also reports weak job growth in 2025 and polling that found many Americans worried about prices and their finances.Key Facts
- Inflation fell from 3% in January 2025 to 2.3% in April 2025, then rose to 3% by September.
- The article says inflation reached 4.2% in May 2026 and has remained above 3.4% since.
- The average U.S. gas price was $4.32 per gallon in mid-October, about $1.30 more than a year earlier, according to AAA.
- The article reports gas prices of $3.81 per gallon in Texas and $6.21 in California.
- A Harris Poll for the Guardian found that 83% of respondents said gas prices were affecting their finances.
- The article says the U.S. added 181,000 jobs in 2025, compared with 2.2 million in 2024, while unemployment remained just above 4%.
- Nearly two-thirds of respondents in the Guardian-Harris poll said they believed the country was in a recession.
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