US Inflation Hits 3.8% in April, Wages Fall Behind
U.S.US Inflation Hits 3.8% in April, Wages Fall Behind
The Spin
This is the "victory" Trump has achieved. Inflation hitting 3.8% — the highest in three years — is a direct result of an unnecessary war that's driving up energy prices and squeezing everyday Americans at the pump and grocery store. While families struggle to pay rent and fuel their cars, the administration is busy planning a billion-dollar White House ballroom and stamping a face on passports. This is what misplaced priorities look like.
The 3.8% inflation bump is a short-term oil disruption, not a structural collapse — and the broader economy tells a far more compelling story. Jobless claims just hit their lowest level since 1969, manufacturing orders posted their biggest surge in six years, and income growth is now outpacing rent growth nationwide. The fundamentals are strong, and temporary energy pain doesn't erase real, measurable gains for American workers and families.
Metaculus Prediction
There's a 7% chance that annual U.S. inflation will reach 100% in any year before 2050, according to the Metaculus prediction community.
The Controversies
Go Deeper
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