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Shoppers wait in line at a grocery store in Washington, DC on January 23, 2026.
(Photo by Tom Williams/CQ-Roll Call, Inc. via Getty Images)
New Inflation Numbers Prove 'Catastrophic Mismanagement of Our Economy' by Trump
"Today's report is yet another reminder that Trump's promise to lower costs on 'Day One' was a lie," said the House Budget Committee's top Democrat.
Aug 12, 2026
As Americans continue to struggle with the cost of gasoline, groceries, healthcare, housing, and more under President Donald Trump, congressional Democrats and economists on Wednesday used his own government's latest inflation figures to call out the Republican's handling of the US economy.
The US Bureau of Labor Statistics announced that the consumer price index—a measure of goods and services bought by households—increased 0.1% on a seasonally adjusted basis in July after falling 0.4% in June. The annual inflation rate was 3.4% before seasonal adjustment.
The brief reprieve for American consumers in June was tied to Trump's illegal Iran War cooling off a bit, so the new numbers were expected, given the ramped-up hostilities that followed and persist. The conflict and its various consequences are expected to hurt Republicans in the November elections.
"Prices started climbing again in July, and Trump's catastrophic mismanagement of our economy means more spikes in the months ahead," warned Alex Jacquez, a former Obama administration official who is now senior vice president of policy and advocacy at Groundwork Collaborative, in a statement.
"The president said it himself: He is only 'semi-negotiating' an end to the war, all while slapping new tariffs on 99% of our imported goods," noted Jacquez. "Trump is not serious about bringing much-needed relief to working families who are weary of higher prices at the pump and on the shelves, and who are pessimistic about an economy that is bleeding jobs."
US Senate Minority Leader Chuck Schumer (D-NY) said Wednesday that "as inflation continues to spiral out of control and gas prices remain well above $4, this is how Donald Trump is spending your taxpayer dollars. $900 million for a gilded ballroom at the White House. $0 to lower your costs. The Trump White House in a nutshell."
House Budget Committee Ranking Member Brendan Boyle (D-Pa.) recalled when Trump was asked in May how much "Americans' financial situations" were on his mind as he tried to negotiate an end to the Iran War, and the president replied, "Not even a little bit," then returned to his misleading talking points on nuclear weapons.
"Month after month, Donald Trump continues to prove that he doesn't 'think about Americans' financial situation,'" Boyle said. "Over the last year and a half, Trump and Republicans in Washington have ripped healthcare away from millions of Americans, forced families to pay expensive tariff taxes, and started a disastrous war with Iran."
"Today's report is yet another reminder that Trump's promise to lower costs on 'Day One' was a lie," the congressman added. "American families deserve better."
House Minority Whip Katherine Clark (D-Mass.) declared on social media Wednesday, "Donald Trump's economy is a disaster."
"His war is spiking gas costs. Wages are down. Inflation is up," she said, looking to the midterms. "In November, Democrats will take back the House and fight for an affordable America."
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As Americans continue to struggle with the cost of gasoline, groceries, healthcare, housing, and more under President Donald Trump, congressional Democrats and economists on Wednesday used his own government's latest inflation figures to call out the Republican's handling of the US economy.
The US Bureau of Labor Statistics announced that the consumer price index—a measure of goods and services bought by households—increased 0.1% on a seasonally adjusted basis in July after falling 0.4% in June. The annual inflation rate was 3.4% before seasonal adjustment.
The brief reprieve for American consumers in June was tied to Trump's illegal Iran War cooling off a bit, so the new numbers were expected, given the ramped-up hostilities that followed and persist. The conflict and its various consequences are expected to hurt Republicans in the November elections.
"Prices started climbing again in July, and Trump's catastrophic mismanagement of our economy means more spikes in the months ahead," warned Alex Jacquez, a former Obama administration official who is now senior vice president of policy and advocacy at Groundwork Collaborative, in a statement.
"The president said it himself: He is only 'semi-negotiating' an end to the war, all while slapping new tariffs on 99% of our imported goods," noted Jacquez. "Trump is not serious about bringing much-needed relief to working families who are weary of higher prices at the pump and on the shelves, and who are pessimistic about an economy that is bleeding jobs."
US Senate Minority Leader Chuck Schumer (D-NY) said Wednesday that "as inflation continues to spiral out of control and gas prices remain well above $4, this is how Donald Trump is spending your taxpayer dollars. $900 million for a gilded ballroom at the White House. $0 to lower your costs. The Trump White House in a nutshell."
House Budget Committee Ranking Member Brendan Boyle (D-Pa.) recalled when Trump was asked in May how much "Americans' financial situations" were on his mind as he tried to negotiate an end to the Iran War, and the president replied, "Not even a little bit," then returned to his misleading talking points on nuclear weapons.
"Month after month, Donald Trump continues to prove that he doesn't 'think about Americans' financial situation,'" Boyle said. "Over the last year and a half, Trump and Republicans in Washington have ripped healthcare away from millions of Americans, forced families to pay expensive tariff taxes, and started a disastrous war with Iran."
"Today's report is yet another reminder that Trump's promise to lower costs on 'Day One' was a lie," the congressman added. "American families deserve better."
House Minority Whip Katherine Clark (D-Mass.) declared on social media Wednesday, "Donald Trump's economy is a disaster."
"His war is spiking gas costs. Wages are down. Inflation is up," she said, looking to the midterms. "In November, Democrats will take back the House and fight for an affordable America."
From Your Site Articles
- Warsh’s Fed Holds Rates While Trump’s Tariffs and War Keep Inflation High ›
- 'Costs Are Out of Control': Trump's Iran War Pushes US Inflation to Highest Level in Three Years ›
- Electricity Costs Up 18% as Trump's Self-Imposed Deadline to Cut Household Bills in Half Passes ›
- Inflation Jumps to 3-Year High as Critics Say Trump Economic Promises Have Turned to Dust ›
As Americans continue to struggle with the cost of gasoline, groceries, healthcare, housing, and more under President Donald Trump, congressional Democrats and economists on Wednesday used his own government's latest inflation figures to call out the Republican's handling of the US economy.
The US Bureau of Labor Statistics announced that the consumer price index—a measure of goods and services bought by households—increased 0.1% on a seasonally adjusted basis in July after falling 0.4% in June. The annual inflation rate was 3.4% before seasonal adjustment.
The brief reprieve for American consumers in June was tied to Trump's illegal Iran War cooling off a bit, so the new numbers were expected, given the ramped-up hostilities that followed and persist. The conflict and its various consequences are expected to hurt Republicans in the November elections.
"Prices started climbing again in July, and Trump's catastrophic mismanagement of our economy means more spikes in the months ahead," warned Alex Jacquez, a former Obama administration official who is now senior vice president of policy and advocacy at Groundwork Collaborative, in a statement.
"The president said it himself: He is only 'semi-negotiating' an end to the war, all while slapping new tariffs on 99% of our imported goods," noted Jacquez. "Trump is not serious about bringing much-needed relief to working families who are weary of higher prices at the pump and on the shelves, and who are pessimistic about an economy that is bleeding jobs."
US Senate Minority Leader Chuck Schumer (D-NY) said Wednesday that "as inflation continues to spiral out of control and gas prices remain well above $4, this is how Donald Trump is spending your taxpayer dollars. $900 million for a gilded ballroom at the White House. $0 to lower your costs. The Trump White House in a nutshell."
House Budget Committee Ranking Member Brendan Boyle (D-Pa.) recalled when Trump was asked in May how much "Americans' financial situations" were on his mind as he tried to negotiate an end to the Iran War, and the president replied, "Not even a little bit," then returned to his misleading talking points on nuclear weapons.
"Month after month, Donald Trump continues to prove that he doesn't 'think about Americans' financial situation,'" Boyle said. "Over the last year and a half, Trump and Republicans in Washington have ripped healthcare away from millions of Americans, forced families to pay expensive tariff taxes, and started a disastrous war with Iran."
"Today's report is yet another reminder that Trump's promise to lower costs on 'Day One' was a lie," the congressman added. "American families deserve better."
House Minority Whip Katherine Clark (D-Mass.) declared on social media Wednesday, "Donald Trump's economy is a disaster."
"His war is spiking gas costs. Wages are down. Inflation is up," she said, looking to the midterms. "In November, Democrats will take back the House and fight for an affordable America."
From Your Site Articles
- Warsh’s Fed Holds Rates While Trump’s Tariffs and War Keep Inflation High ›
- 'Costs Are Out of Control': Trump's Iran War Pushes US Inflation to Highest Level in Three Years ›
- Electricity Costs Up 18% as Trump's Self-Imposed Deadline to Cut Household Bills in Half Passes ›
- Inflation Jumps to 3-Year High as Critics Say Trump Economic Promises Have Turned to Dust ›
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