The GuardianMay 30, 2026, 11:00 AM1
Inflation won Trump the presidency, but could cost him the midterms
Inflation helped Trump win the presidency, but his tariffs, energy policies and Iran war are now driving prices higher—potentially threatening Republican midterm prospects.
42%-31%-34%3.8%58%37%$3,7066 million6.4%$4.50$1.303.8%Oil price war impact could add 0.2 to 1.8 percentage points to annual inflation by year-end, Dallas Fed analysis
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