Increasing Inflation
Just about the time we get the economy under control, someone from another country (who is in trouble) convinces Trump we need to attack a different country. Some how, the deal maker is always suckered in. The nation is going to pay for it in the long haul.
Taken from Newsweek.”Inflation Jumps to Highest Level.. . . “
“The second inflation report since the outbreak of the Iran war shows that prices continue to soar on the back of sharp increases in energy costs.”
I believe we already posted on inflation rate going to 3.8% during the last week, Or at least it was expected to go to 3,8%. Start a war and the economy changes. BLS reports . . .
On Tuesday, the Bureau of Labor Statistics (BLS) revealed that the annual headline rate of inflation rose to 3.8 percent in April from 3.3 percent in March, reaching its fastest pace since May 2023 and the highest level across both of Trump’s terms in the White House. Consumer prices were up 0.6 percent on a monthly basis following March’s 0.9 percent increase.
The headline annual increase came in slightly ahead of analysts’ expectations. Consensus forecasts had annual inflation accelerating to 3.7 percent, though the monthly rate was expected to slow to 0.6 percent.
And energy prices were once again behind the gains, according to the BLS, accounting for 40 percent of the monthly all items increase.
Meanwhile, annual core inflation—which strips out the food and energy categories—reached 2.8 percent in April, up from 2.6 percent in March, as prices rose 0.4 percent month-over-month. This came in faster than the respective 2.7 percent and 0.3 percent analysts had forecast.”
We cover Core inflation rate also.
Why Is Inflation Rising?
“Inflation was inching closer to the Federal Reserve’s two-percent target toward the end of 2025 and early this year, but the war has since put considerable pressure on consumer price data.
Global oil prices have risen significantly on the back of supply constraints triggered by the Iran war, causing the price of gas—and other downstream products—to soar. According to data from AAA, the cost for a gallon of regular unleaded gas was $4.50 on Tuesday, compared to $4.13 a month prior and up over 50 percent since the conflict began on February 28.”
In Arizona, I filled up today at $4.89/gallon. $51 dollars. A little over 10 gallons of regular gasoline. And the end result of this comes from Trump . . .
Trump Says Voters’ Financial Concerns Not Driving Iran Talks
“Meanwhile, President Donald Trump said Tuesday that voters’ financial concerns were not a factor in his approach to ending the Iran war, as he faced questions on the economic impact of the conflict. Speaking to reporters ahead of his departure from the White House for a trip to China, Trump was asked whether Americans’ financial situation was influencing negotiations with Tehran.
“Not even a little bit,” Trump said. “The only thing that matters, when I’m talking about Iran: They can’t have a nuclear weapon. I don’t think about Americans’ financial situation. I don’t think about anybody.”
He continued, “I think about one thing. We cannot let Iran have a nuclear weapon. That’s all. That’s the only thing that motivates.”
Did Iran have the correct percentage of Uranium. Only Trump and Israel claim so.
Others say: “There was no evidence that Iran was close to a nuclear weapon,” says Jeffrey Lewis of the James Martin Center for Nonproliferation Studies at the Middlebury Institute of International Studies. His comment echoed those of other experts after the war’s start, as well as statements from International Atomic Energy Agency (IAEA) chief Rafael Grossi at that time and in 2025 and last year’s “threat assessment” report by U.S. intelligence agencies.
And so it goes. It appears the US armament industry will be busy building up the United States arms replenishment.