America’s Inflation Problem Is No Longer About Numbers. It’s About Trust.
By: Marcus Sterling – SeaPRwire – The White House says inflation is behaving as expected. Many Americans clearly disagree. When lettuce costs nearly four dollars a head, cherry tomatoes sell for more than five dollars a box, and a routine coffee purchase starts feeling like a small luxury, economic data stops being an abstract policy discussion. It becomes a daily reminder that households are losing purchasing power. The bigger issue facing Washington is not whether inflation has technically peaked. It is whether voters still believe anyone is in control of it. The latest figures released by the U.S. Department of Labor show consumer prices rising 4.2% year-over-year in May, up from 3.8% in April and marking the highest inflation reading since May 2023. Core inflation, excluding food and energy, climbed 2.9%, the highest level in seven months. On a monthly basis, headline CPI increased 0.5%, while core CPI rose 0.2%. More than 60% of May’s inflation increase came from en...