While Americans prepare to cast their ballots for who should control Congress and their local governments, the cost of filling a gas tank, paying rent and buying a home is becoming a defining test of the economy leading up to the 2026 midterms.The latest inflation report underscores the challenge facing President Donald Trump and Republicans as they campaign on the economy and the vow to improve conditions for American consumers.Trump returned to the White House promising to lower costs and is now campaigning for GOP candidates in key races — but the reality is something quite different.With Election Day two weeks away, rising prices are testing whether voters feel like Republicans have done enough to improve the economy and their financial wellbeing.AMERICAN-MADE GOODS ALSO GOT MORE EXPENSIVE UNDER TRUMP TARIFFS, NEW RESEARCH FINDSPresident Donald Trump has made affordability a central part of his agenda, pledging to bring down costs for American families.
(Daniel Torok/Official White House Photo)And that pressure showed up in the latest inflation report, which found consumer prices rose 3.7% over the past year and 0.6% in September alone.The Consumer Price Index (CPI) tracks the prices households pay for a broad range of goods and services, from food and gasoline to housing and medical care.Gasoline was a major driver, with its index jumping 9.1% for the month.
But the gas to fill up the tank is not the only fuel cost putting pressure on households.The diesel used to power trucks, farm equipment and freight trains is also surging, which has raised the cost of moving groceries, packages and building materials — another charge that has trickled down to how much Americans pay for those goods.Additionally, the Iran war has disrupted shipping through the Strait of Hormuz, further tightening global fuel supplies, while disruptions to Russian energy infrastructure have added pressure.Utility costs are adding to the squeeze as colder weather approaches.Electricity ...