Inflation, jobs and cost of living: why the economy punished Republicans in the US

FinanceInternationalEl EspectadorNov 4, 2026, 4:32 PMAI summary

Persistent inflation, a stable labor market with few opportunities and the high cost of living shaped the vote in the United States, according to economists cited by AFP. Consumer inflation hit a three-year high of 4.2% year-on-year in May, after tariffs and the war with Iran drove energy prices up. Gasoline cost 38% more than on February 28. Wages did not keep pace with prices and job satisfaction is historically low.

In 35 seconds

Consumer inflation reached 4.2% year-on-year in May, a three-year high, and has stayed near that level
Tariffs and the war with Iran, which led to the blockade of the Strait of Hormuz, pushed energy prices up
Gasoline cost 38% more than on February 28, when the conflict began

Read the full story at El Espectador

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

inflación
Estados Unidos
empleo
aranceles
costo de vida

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Inflation, jobs and cost of living: why the economy punished Republicans in the US

In 35 seconds

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Keep reading

CGT Mayorías Territoriales joins the 2027 minimum wage concertation table

Airbnb left more than $3 trillion pesos in Medellín's economy in 2025, with restaurants the biggest beneficiaries

CVS Health plans to split into two publicly traded companies by the first half of 2028

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