Two-thirds of voters, including a majority of Republicans, blame Trump for higher inflation

In a new Financial Times poll, Donald Trump’s economic approval rating took another nosedive: Nearly 70% of voters disapprove of Trump’s handling of the cost of living and inflation, up 10 points from just one month ago. Two-thirds of voters, including a majority of Republicans, blame Trump’s policies for higher prices, and nearly 65% believe the economy is on the wrong track. Voters also strongly disapprove of Trump’s deadly and costly war with Iran, which has hiked prices on gas, groceries, and transportation. 

In response, DNC Rapid Response Director Kendall Witmer released the following statement: 

“Donald Trump can’t hide from the damage he’s done to the economy, or the way voters feel about it. Despite Trump promising a ‘golden age,’ prices are at record highs, paychecks are failing to keep up, and working families are stretching their budgets even further to afford everyday necessities like gas and groceries. While Trump doubles down on his disastrous policies, Democrats are working tirelessly to lower costs and make life better for everyday Americans.” 

Trump’s reckless trade war and war with Iran have driven up prices to record highs. Core inflation in April surged to 3.8%, the highest level in years, as Americans pay more for gas and groceries. The average price of gas has climbed to $4.16 per gallon, and the average U.S. household has spent an additional $450 on energy costs since Trump started his war with Iran. Meanwhile, wage growth is dragging behind inflation, hitting a five-year low in May at 3.4%, as sky-high prices continue to swallow up Americans’ paychecks.