Analysis: Trump seems to know nothing about inflation and his support declined after his statement about “increasing America’s wealth”

Analysis by Zachary B. CNN's Wolf

(CNN) - There are less than 3 weeks left until Election Day, and things seem to be going against US President Donald Trump. Inflation rates are rising, and his approval ratings are falling.

Trump promised a “golden age,” but the reality is proving to be a very expensive era, as he recorded his lowest level of support ratings during his two terms in office, according to a new poll conducted by Fox News and released on Wednesday, as less than a quarter of registered voters - that is, 22% - expressed their satisfaction with Trump’s performance in dealing with the inflation file.

At the same time, prices continue to rise according to multiple indicators. On Wednesday, it was reported that the inflation rate had risen to 3.7%, according to the latest Consumer Price Index data.

High fuel costs were the main driver of this rise, along with increases in other sectors.

A CNN report also indicated, on Thursday, that the producer price index for September “recorded the fastest monthly increase since March 2022, and the highest annual rate since December 2022, the year in which inflation in the United States reached its highest levels in 40 years.”

Is it due to the oil price shock resulting from Trump's "war" against Iran? Or to the customs duties that he promised would restore the manufacturing sector? Or are companies trying to exploit the current circumstances to achieve additional profits?

Most likely, voters did not need these indicators to realize that prices had risen.

Perhaps it does not matter in the end to know the reason behind this inflation, but Trump, during an election rally in Montana on Wednesday evening, did not even acknowledge the existence of inflation in the first place, as he told his supporters: “We do not suffer from inflation, and tariffs do not cause inflation. Do you know what they cause? They bring wealth.”

Perhaps Trump himself feels richer; According to financial disclosures, his family’s projects in the field of cryptocurrencies alone generated more than a billion dollars during his second term, but this feeling of wealth does not touch the reality of voters at the present time.