US votes with the cost of living and inflation under Trump in focus

FinanceInternationalEl TiempoOct 30, 2026, 7:32 AM35 s readAI summary

The high cost of living dominates the US elections, where Donald Trump's Republicans risk losing control of Congress. Average inflation between April and September was 3.67%, one percentage point above the 2.67% of Joe Biden's last six months. Tariffs, the war with Iran since February 28 and higher gasoline and diesel prices explain the deterioration, while GDP grew 3.4% in the third quarter driven by investment in artificial intelligence.

In 35 seconds

Average inflation from April to September was 3.67%, versus 2.67% in Biden's last six months
Regular gasoline costs almost 50% more than in February and diesel almost 70% more
GDP grew 3.4% in the third quarter, with corporate investment up 12.7%

Read the full story at El Tiempo

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

inflación
elecciones
Trump
PIB
inteligencia artificial

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US votes with the cost of living and inflation under Trump in focus

In 35 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