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Trump rips Biden on key issue impacting voters after damaging report: Totally lost control [Video]

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USA Energy Price News

An unexpected bump up in inflation is giving former President Trump more ammunition to fire at President Biden as the two face off in their 2024 election rematch.

After the Labor Department reported on Wednesday that the consumer price index – a broad measure of the cost of everyday goods such as gas and groceries, as well as rent – rose 0.4% in March, Trump took aim at Biden.

“INFLATION is BACK—and RAGING!,” the former president emphasized in a post on his social media platform.

And speaking with reporters an hour later as he arrived in Atlanta, Georgia, for the first of two campaign fundraising events, Trump argued, “Biden has totally lost control of inflation. It’s back. It’s raging back.”

WHY INFLATION IS ACCELERATING HIGHER THAN EXPECTED 

The consumer price index was higher than the 0.3% many economists had expected. Gas, rent, and car insurance helped push the overall inflation numbers higher.

The monthly rate nudged the year-over-year increase …

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