‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far

What happened: The Guardian published five charts assessing the US economy in Trump's second term, covering inflation, gas prices, jobs, the S&P 500 and interest rates, after Trump said "We don't have inflation." Key numbers: Inflation peaked at 9.1% in Why it matters: The data shows inflation climbing again after the Iran war raised oil prices, and gas prices were the most common pain point in a Guardian/Harris poll, with 83% saying they dent finances. Economists describe a K-shaped economy, with stock market gains concentrated among the top 1%, who own nearly half of stock investments.

The Guardian published five charts assessing the US economy in Trump's second term, covering inflation, gas prices, jobs, the S&P 500 and interest rates, after Trump said "We don't have inflation."

The data shows inflation climbing again after the Iran war raised oil prices, and gas prices were the most common pain point in a Guardian/Harris poll, with 83% saying they dent finances. Economists describe a K-shaped economy, with stock market gains concentrated among the top 1%, who own nearly half of stock investments.