US votes with its wallet on its mind in elections marked by the high cost of living

FinanceInternationalELHERALDO.CONov 1, 2026, 10:00 PMAI summary

The high cost of living dominates the US midterm elections, where Donald Trump's Republicans risk losing control of Congress. Average inflation from April to September was 3.67%, compared with 2.67% in Joe Biden's last six months. Regular gasoline now costs almost 50% more than in February and diesel almost 70% more. The economy grew 3.4% in the third quarter, driven by investment in artificial intelligence.

In 40 seconds

Average inflation between April and September was 3.67%, one percentage point above the 2.67% of Biden's last six months.
Regular gasoline costs almost 50% more than in February and diesel almost 70% more, after the war with Iran and its impact on the Strait of Hormuz.
GDP grew 3.4% in the third quarter, with a 12.7% rise in corporate investment and 37.4% in information processing equipment.

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IASummary generated by artificial intelligence from a story by ELHERALDO.CO. It may contain errors: the original source prevails.

inflación
elecciones
Estados Unidos
PIB
inteligencia artificial

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US votes with its wallet on its mind in elections marked by the high cost of living

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day