Trump's Inflation Lies CRUMBLE With Soaring Prices As Shattering Data Revealed
May 12, 2026
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6:37Now PlayingTrump's Inflation Lies CRUMBLE With Soaring Prices As Shattering Data Revealed
YouTube Description
as posted by the channelDonald Trump's lies over inflation get blown apart as experts reveal huge trouble to come with inflation reaching its highest level in three years and outpacing wage growth. John Iadarola and Yasmin Kahn break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Inflation hits 3.8%, outpacing wage growth for the first time since 2023
"Inflation surged to 3.8% in April, its highest level in nearly three years, according to data released Tuesday, as the war in Iran causes a ripple effect across the economy and energy prices surge.
As inflation continues to accelerate, it’s eating into Americans’ wages at a rapid clip. April’s inflation rate means that prices are now rising faster than wages for the first time since 2023, which could exacerbate the affordability crisis that has already been gripping consumers.
The pace of wage gains has been slowing over the past two years. In November, wage growth continued to rise at a pace of almost 4%. April’s jobs report, which was released on Friday, showed that wage growth had slowed to 3.6%.
“Inflation is a regressive tax, which hits the ranks of those who can afford it least,” said KPMG chief economist Diane Swonk."
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