Democrats pounce on Trump and the GOP after release of new CPI report
Fox Business • • business
Key Points:
- The U.S. Consumer Price Index (CPI) rose 0.6% in September, with a 3.7% increase over the past 12 months, signaling continued inflationary pressures ahead of the 2026 midterm elections.
- House Democrats sharply criticized President Trump, blaming his policies for rising inflation and increased costs of gas and groceries, labeling the economy under his leadership as a failure.
- The White House defended Trump's economic record, claiming he has reduced inflation from high levels under Biden, stabilized food prices, and driven economic growth through tax cuts and job creation.
- Senate Minority Leader Chuck Schumer and former Transportation Secretary Pete Buttigieg attributed inflation increases to Trump's trade policies, tariffs, and tax breaks favoring the wealthy.
- The CPI report and economic debates come as both parties compete for control of Congress, with Republicans currently holding majorities in the House and Senate.
