New inflation data today shows that producer inflation in October rose 6.5% compared to last year — the largest 12-month increase in four years. Earlier this week, another report revealed that consumer prices in October have gone up since last month and are estimated to have increased 4% compared to last year. Groceries, electricity, transportation, rent, and medical services all saw significant price increases last month.
Meanwhile, Donald Trump continues to blame voters’ outrage about his economy on “bad messaging” and claimed earlier this week that “we have historically good numbers.”
In response, DNC Deputy Communications Director Kendall Witmer released the following statement:
“It’s no wonder voters rebuked Republicans in the midterm elections: Donald Trump and JD Vance’s economy is a disaster. Working families continue to skimp on gas and groceries, as prices continue to rise and they are forced to dip into their savings or take on debt just to make ends meet. Day after day, Trump’s policies continue to make life unaffordable for everyday Americans, and Trump and Vance refuse to change course. Democrats are prepared to hit the ground running and put an end to Republicans’ price-spiking agenda.”
Under Trump and JD Vance, Americans have been forced to pay an additional $4,700 on everyday essentials, including $310 for groceries and $915 on housing. Americans have shelled out an additional $150 billion on gas and diesel alone since Trump and Vance started their war with Iran, and the average price of gas has been above $4 per gallon for more days than any year on record.
