Trump promised to stop inflation. Now Republicans may pay the price in the midterm elections
Also reported by ABC News
Summary
Rising prices are weighing on U.S. households as President Donald Trump and Republicans approach the midterm elections. Gas for a Ford F-150 costs about $100 to fill, mortgage rates have climbed, and consumer prices have risen faster than wages over the past year.Key Facts
- Filling a Ford F-150 costs about $100, roughly $30 more than a year ago.
- Mortgage rates have risen to levels that have reduced home sales.
- Consumer prices increased faster than paychecks over the past 12 months.
- The article says the gap between prices and paychecks has reduced the average family's purchasing power.
- The article links inflation concerns to potential Republican losses in the midterm elections.
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