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'Costs Are Out of Control': Trump's Iran War Pushes US Inflation to Highest Level in Three Years
"Trump is more focused on finishing his billion-dollar ballroom than lowering prices for American families," said one critic.
May 12, 2026
Federal data released Tuesday showed US inflation rising to the highest level it's been since May 2023, as President Donald Trump's Iran War has led to increases in the costs of both energy and food.
The latest Consumer Price Index (CPI) released by the US Bureau of Labor Statistics finds that prices in April posted a year-over-year increase of 3.8%, above economists' expectations of a 3.7% increase, driven by energy prices that surged nearly 18% from April 2025.
The price of groceries also notched significant increases during the month, the report notes.
"Five of the six major grocery store food group indexes increased in April," says the report. "The index for meats, poultry, fish, and eggs increased 1.3% over the month as the index for beef rose 2.7%. The fruits and vegetables index increased 1.8% in April and the nonalcoholic beverages index rose 1.1%. The index for dairy and related products increased 0.8% over the month and the index for cereals and bakery products rose 0.1% in April."
Economists said the new CPI report showed significant trouble ahead for American consumers, who last month registered record-low sentiment in the University of Michigan’s Surveys of Consumers, driven in large part by anxiety over price increases caused by the Iran war.
Joseph Brusuelas, chief economist at RSM, told The Wall Street Journal that "the American economy has entered a new chapter where inflation appears to have stepped up," and predicted that "median American families are going to find it very challenging to adjust going into the second half of the year."
Heather Long, chief economist at Navy Federal Credit Union, observed that the cost of living in April rose above average monthly wage gains, meaning US consumers are no longer just treading water but falling behind.
"Inflation is now eating up all wage gains for the first time in about three years," she wrote. "This is painful for Americans and a true financial squeeze."
University of Michigan economist Justin Wolfers highlighted just how much the latest CPI report exposes the false promises President Donald Trump made during the 2024 presidential campaign.
"Trump campaigned on bringing down the cost of living 'starting on day one,'" he wrote, "and then: started a trade war; deported much of the farm workforce, bombed Iran, allowed healthcare subsidies to expire, cut food assistance, ran an interest-rate boosting deficit, and attacked Fed independence."
Rep. Brendan Boyle (D-Pa.) similarly ripped Trump's economic mismanagement in the wake of the CPI report.
"From his tariff taxes to his disastrous war in Iran, President Trump is making life even harder for American families," said Boyle. "Today’s inflation data confirms what everyone can see: costs are out of control, and President Trump is responsible."
The latest CPI data comes as a poll from CNN released Tuesday shows a record-high 70% of Americans disapprove of Trump's handling of the economy, with 75% of US voters saying the president's unprovoked war of choice with Iran has had a negative effect on their financial situations.
Trump's approval on the economy was a strength throughout his first term, even as polls showed him to be otherwise unpopular. As noted by CNN senior political reporter Aaron Blake, Trump's disapproval on the economy "never even reached 50% in his first term," but has now been at over 60% for the last year.
Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, said in a statement that "Trump chose to reignite inflation with his illegal and reckless war in Iran, and more than two months in, there’s no offramp in sight."
"Every day the war continues, prices climb higher and will stay there for months after it ends," said Jacquez. "As Americans continue to rank cost of living and inflation as their most important issues, Trump is more focused on finishing his billion-dollar ballroom than lowering prices for American families.”
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America Runs on Care Work, and I’m Tired of Pretending Otherwise
The labor that sustains human life gets pushed to the margins, while the labor that scales software gets paraded on magazine covers.
Mar 08, 2026
A few days ago, I stared at a federal bar chart on my laptop and felt my stomach drop. I started asking people a party-trick question: What’s the biggest occupation in America? Almost everyone guessed something visible: teachers, retail, fast food, office work. That’s what our culture trains us to notice.
Then I pulled up the Bureau of Labor Statistics’ (BLS) “largest occupations” data, and the answer was sitting there in plain English: Home Health and Personal Care Aides, 3,988,140 people.
I’m not reading that as an abstract statistic but something I see daily through my work in running CareYaya, a social enterprise that helps families find affordable in-home care support. I hear the voices behind those numbers every day: the exhausted daughter trying to keep her job, the older man determined to stay in his own house, the care aide who shows up anyway even when her own life is fraying.
What hit me wasn’t just the size of the workforce, but the silence with which society treats caregivers.
Care work sits at the intersection of everything America avoids looking at directly: aging, disability, dependence, death, and the truth that every “independent” adult is one accident, cancer, or dementia diagnosis away from needing help.
In a country that can’t stop talking about “the economy,” I rarely see the economy described the way it actually functions at street level. I see caregivers keeping older adults safe so that family members can work, so the bills get paid, so other industries keep humming. I see care work acting like the hidden scaffolding under everything else.
And, I see how quickly that scaffolding gets treated as disposable labor.
When I talk to families, they often whisper about their difficulties getting care support almost like they’re confessing a moral failure. “We’re trying,” they tell me, as if the need for help is some private weakness instead of a predictable part of aging or serious illness. When I talk to care aides, they talk about the stress from the care work. They talk about rushing between clients. They talk about loving the work and sometimes still not being able to make rent.
PHI’s snapshot of the direct care workforce puts numbers to what I keep hearing, that median annual earnings for direct care workers were just $25,015. I read that figure and think about what it really means in 2026 America: The largest job category in the nation is, effectively, a low-wage backbone.
I also think about who gets stuck holding the bag. Care work is still treated as “women’s work” in the cultural imagination, and that bias leaks into policy, pay, and prestige. I watch the same pattern repeat: The labor that sustains human life gets pushed to the margins, while the labor that scales software gets paraded on magazine covers.
What makes me angrier is that this isn’t a small sector we can ignore until later. The BLS projects 17% growth from 2024 to 2034 for home health and personal care aides, with about 765,800 openings each year on average. This is not a “future” problem but rather a present problem that is going to grow much worse, faster.
And yet I keep watching public conversations drift toward fantasy. I hear endless speculation about AI replacing workers, while the largest workforce in America can’t even get a stable ladder, a living wage, or basic respect. I hear investors pitch “aging tech” like it’s a consumer gadget category, while the core issue is whether a real human being can afford to do this work and stay in it.
I don’t think this is an accident, but rather, a choice embedded in our system.
Care work sits at the intersection of everything America avoids looking at directly: aging, disability, dependence, death, and the truth that every “independent” adult is one accident, cancer, or dementia diagnosis away from needing help. So we do what societies often do with uncomfortable truths. We outsource them, we underpay them, and we call them “personal responsibility.”
Even the funding structure says it all. Medicaid is the main payer of long-term services and supports in the US, and a recent Centers for Medicaid and Medicare Services brief says so plainly: “Medicaid is the largest payer for long-term services and supports (LTSS) in the United States.” I read that line and think about the whiplash families face when they confront a vast public health need paired with political rhetoric that treats caregivers and recipients like line items to be squeezed.
So when I’m asked what to do, I start with a moral stance and then I get practical.
I want a country that pays the people who keep elders safe, like they truly matter. I want Medicaid rates and payment models that stop forcing providers into churn, and stop forcing workers into poverty. I want training and advancement pathways for care workers, and I want the caregiving workforce to have real power: bargaining power, scheduling power, and dignity at work.
I also want us to stop acting surprised when the care workforce pipeline breaks. If the biggest job in America is care, then the “care crisis” isn’t a niche issue, but a core labor rights issue; a public investment issue; and an economic issue that’s as critical as housing, wages, and healthcare.
When I look back at that BLS bar chart, I don’t see a pop-quiz type question anymore. I see millions of workers holding up millions of families. I see the work that makes the rest of American life possible.
And I can’t unsee the insult of how little we talk about it.
If I want anything from readers, it’s this: I want you to say the name of the job out loud, and then demand that we build an economy that treats it as essential, because it is.
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'Dismal' Employment Report Shows Trump Economy Lost 92,000 Jobs in February
“Month after month, the data shows Donald Trump’s economy is failing American families.”
Mar 06, 2026
President Donald Trump's self-proclaimed "greatest" economy in history took another major blow on Friday as the US Bureau of Labor Statistics revealed that the American economy lost 92,000 jobs in February.
Heather Long, chief economist at Navy Federal Credit Union, described the report as "dismal," while noting that the US economy as a whole has actually lost jobs since Trump announced his "liberation day" global tariffs in April 2025.
"Total job gains since from May 2025 to February 2026 are now -19,000," she wrote. "Companies are not hiring in the face of all of these headwinds and uncertainty. And even healthcare is starting to slow down."
University of Michigan economist Justin Wolfers argued that "the economic story just changed dramatically" because of the jobs report, which also showed downward revisions to the estimated jobs created in December and January.
"Recession questions are back on the menu," he said.
Mike Konczal, senior director of policy and research at the Economic Security Project, zeroed in on the surprise loss of healthcare jobs in February as particularly concerning given that healthcare has been the lone industry to consistently add jobs in recent months.
"This is the first month in years where healthcare jobs went negative, really changing the dynamic," he said. "Cuts to Medicaid, cuts to ACA... suddenly the thing that was 187% of private jobs since liberation day, holding it together, may be giving out?"
Rep. Brendan Boyle (D-Pa.), ranking member of the House Budget Committee, said that the terrible jobs report was a direct reflection of Trump's economic mismanagement.
"Month after month, the data shows Donald Trump’s economy is failing American families," Boyle said. "The job market is weakening, costs remain high, and Trump’s illegal tariff taxes continue to hurt businesses and workers. Trump and his allies in Congress know their agenda isn’t working. Instead of helping working families, they are pushing more tariff taxes and more tax breaks for billionaires. It is clear Republicans in Washington simply do not care about working families."
Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, declared that "the deterioration in the labor market is visible from space," and pinned the blame on "Trump’s reckless economic agenda."
"As the president piles on blanket tariffs and oil prices soar," Jacquez said, "today's report confirms he's sent the economy straight into a stagflation spiral."
University of Pennsylvania economist Heather Boushey said weakness in the US economy had been evident for several months, although Friday's jobs report showed the largest job losses of any month during Trump's second term.
"Today's data should not come as a shock as there have been signs of weakening in the US labor market for quite some time," she said. "The Trump administration’s focus on undermining the US economy rather than investing in America may be coming home to roost."
Daniel Hornung, policy fellow at the Stanford Institute for Economic Policy Research, said that the bad jobs report will make things even harder for the US Federal Reserve when it comes to making interest rate cut decisions.
"This morning’s report... comes at a difficult moment, with inflation still above target and an oil price shock threatening to raise inflation further," Hornung said. "The report complicates the Fed’s efforts to keep both unemployment and inflation low, and it makes it difficult for the [Trump] administration to argue heading into the midterms that their policies are leading to the kind of growth or improvement in living standards that they’ve long promised."
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