Key Point: “‘Starting on Day One,’ Trump said at a campaign event in August, ‘we will end inflation and make America affordable again.’ Wednesday was Day 24. Inflation is ticking higher. … Inflation was falling steadily for two years. Now, that slowdown is reversing course, and prices are rising faster under Trump than they were at the end of Biden’s term. … A CBS poll this week showed that nearly two-thirds of Americans think Trump hasn’t focused enough of his policies on reducing inflation.”

CNN: Inflation is Trump’s problem now

By Allison Morrow

• “Starting on Day One,” Trump said at a campaign event in August, “we will end inflation and make America affordable again.”
  
• Wednesday was Day 24. Inflation is ticking higher. And Trump’s solutions consist of the same blunt tactics he holds up in the face of any economic headache: Do tariffs. Deport people. Drill baby drill. The irony is that many of these policies are likely to have the opposite effect.
  
• Inflation was falling steadily for two years. Now, that slowdown is reversing course, and prices are rising faster under Trump than they were at the end of Biden’s term.
  
• Trump’s economic agenda doesn’t have much buy-in from mainstream economists, and the administration has over the past three weeks started to walk back some of the “Day One” promises.
  
• [M]eanwhile, consumers will keep seething over the price of eggs, which were up 15% last month, and gas and housing lately. A CBS poll this week showed that nearly two-thirds of Americans think Trump hasn’t focused enough of his policies on reducing inflation. And a University of Michigan consumer survey released Friday showed that Americans’ inflation expectations for the year ahead surged this month.