President Donald Trump faced a second inflation setback in as many days on Thursday, Oct. 15, after the Producer Price Index (PPI) for final demand rose 1.3% in September, the largest monthly increase in more than four years, according to the Bureau of Labor Statistics [1][2].
The two reports arrived less than three weeks before the Nov. 3 midterm elections, with inflation and the economy ranking as leading voter concerns. Both chambers of Congress are currently controlled by Republicans, and the outcome of the vote could determine the course of Trump’s final two years in office [3].
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