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High prices put Trump’s economy in the spotlight as the GOP fights to hold Congress

While Americans prepare to cast their ballots for who should control Congress and their local governments, the cost of filling a gas tank, paying rent and buying a home is becoming a defining test of the economy leading up to the 2026 midterms.

The latest inflation report underscores the challenge facing President Donald Trump and Republicans as they campaign on the economy and vow to improve conditions for American consumers. Trump returned to the White House promising to lower costs and is now campaigning for GOP candidates in key races, but the reality is something quite different.

With Election Day less than two weeks away, rising prices are testing whether voters feel like Republicans have done enough to improve the economy and their financial well-being.

ONE STATE IS GROUND ZERO AS TRUMP'S MULTIBILLION-DOLLAR TECH AMBITIONS FACE A MIDTERM TEST

And that pressure showed up in the latest inflation report, which found consumer prices rose 3.7% over the past year and 0.6% in September alone. The Consumer Price Index (CPI) tracks the prices households pay for a broad range of goods and services, from food and gasoline to housing and medical care.

Gasoline was a major driver, with its index jumping 9.1% for the month. But the gas to fill up the tank is not the only fuel cost putting pressure on households.

The diesel used to power trucks, farm equipment and freight trains is also surging, which has raised the cost of moving groceries, packages and building materials — another charge that has trickled down to how much Americans pay for those goods.

Additionally, the Iran war has disrupted shipping through the Strait of Hormuz, further tightening global fuel supplies, while disruptions to Russian energy infrastructure have added pressure.

Utility costs are adding to the squeeze as colder weather approaches. Electricity prices were up 4.4% from a year earlier in September, while piped natural gas service rose 5%, according to the CPI.

Those figures track prices, not what any one household paid, so a local customer's bill can show how the increase is landing in real life.

REPUBLICANS JUST GOT A POWERFUL NEW PLAYBOOK FOR THE BATTLE FOR CONGRESS. HERE'S WHAT'S INSIDE.

Housing costs also continued to climb. The shelter index, which tracks rents and a measure of what homeowners would pay to rent their homes, rose 3.2% over the past year. Grocery prices offered some relief, dipping 0.1% in September, though they remained 1.8% higher than a year earlier.

Additionally, Trump's trade agenda is another part of the affordability debate.

A New York Fed study found that tariffs in place through February added 2.9 percentage points to consumer-goods inflation. Tariffs are taxes on imported goods, and U.S. companies that pay them can pass some of the added cost along to shoppers.

The study found that higher prices also affected some goods made in the United States, as domestic producers faced less competition from imports. The White House has argued that its trade policies will strengthen U.S. manufacturing and that foreign exporters bear the costs.

Housing presents a different affordability challenge. The median price of an existing home reached $417,500 in September, up 1.3% from a year earlier, while the average 30-year mortgage rate was 7.4%.

AMERICAN-MADE GOODS ALSO GOT MORE EXPENSIVE UNDER TRUMP TARIFFS, NEW RESEARCH FINDS

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The latest figures give voters a snapshot of what they are paying, but not a verdict on who is to blame.

With Election Day approaching, Trump and Republican candidates will have to convince voters that their policies can make everyday costs more manageable.

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Beleaguered Macron cites US-Iran war as factor in protests amid Trump, Vance criticism

The embattled French President Emmanuel Macron on Sunday pinned some of the blame on the U.S. war against the terrorist regime in Iran for the widespread riots and looting unfolding across France.

The controversial passage referring to the Iran war from his televised speech triggered criticism from some experts. Macron said that "demonstrators expressed concern about the cost of living and the price of fuel. Both are driven by the conflict launched in the Persian Gulf, a conflict in which France has taken no part but whose consequences we are suffering."

He added, "I fully understand their concern. It is being expressed in several other European capitals as well. That is why I have taken several initiatives at the international level to secure our fuel and our gas and to act on energy markets." Macron announced that he would be traveling to the Gulf on a three-nation stop to discuss the energy crisis.

FRANCE’S TEEN RIOTS TAKE EXPLOSIVE NEW TURN AS GOVERNMENT POINTS FINGER AT HARD LEFT

It is unclear which demonstrators Macron signaled out for alleged concerns about fuel prices. Fox News Digital reported on Monday on the inner workings of the large-scale riots with many of the groups named seeking to abolish the free enterprise system.

Macron stressed that those who have tried "to bring down the republic will be held accountable."

President Donald Trump told reporters on Monday that, "I said the first time I met Macron, I said, you got to close up your borders. You're going to ruin your country. And they've ruined their country. It's going to be hard to get it back. But hopefully France will come back."

A spokesman for the French foreign ministry pointed Fox News Digital to President Macron's televised address on Sunday and referred Fox News Digital to the Elysée press office for other questions. The Élysée press office did not respond by time of publication.

Lisa Daftari, an Iran expert, told Fox News Digital, "Macron is pointing at the Iran war, but fuel is expensive because Iran's regime closed the Strait of Hormuz and held the world's energy supply hostage. The bigger question is whether this is really about students and fuel prices at all. Major infrastructures and landmarks have been set on fire, shops were looted across the country and nearly 2,400 people were arrested in a single day."

According to Daftari, who is the Foreign Desk Editor-in-Chief, "That's not a protest over the price of diesel. It's organized lawlessness and Macron's own government admits it, blaming ultra-left groups and criminals. France has a domestic crisis, and current geopolitics are not the alibi for it."

WHO'S WHO: INSIDE FRANCE'S 'CHAOS INC.' FRANCHISE OF COMMUNIST GROUPS, LABOR UNIONS AND GLOBAL ACTIVISTS

French Prime Minister Sébastien Lecornu accused the "ultra-left movement" of "orchestrating profound disorder in the country leading up to the presidential election "

Barak Seener, an associate research fellow at the London-based Henry Jackson Society, told Fox News Digital that "Illegal immigration from the Middle East, North Africa, Sub-Saharan Africa as well as from Afghanistan, Pakistan and Bangladesh to European states serve as Trojan horses to dominate the West. Calls to ‘globalize the intifada’ and ‘Free Gaza’ and ‘Stop the genocide’ are codes to subvert and ultimately dominate Western civilization and impose Sharia law. Macron is still making the mistake of ignoring this."

VIOLENT FAR-LEFT RIOTS IN FRANCE ARE 'CHILLING WARNING' FOR AMERICANS AT HOME, MIKE JOHNSON SAYS

In a social media post Vice President JD Vance criticized France for its porous immigration policy. Vance wrote on X that "Western liberals imported the third world into France and other countries in the name of diversity and compassion."

He added: "They ignored fundamental questions of assimilation and compatibility. They were told it would lead to this and they didn’t listen."

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Seener said that similarly, the French political establishment’s political correctness and unilateral support of a Palestinian state have come home to roost. Just as Macron ignorantly declared at the 81st United Nations General Assembly that Hamas ‘has never been active’ in the West Bank, it is remarkable how Macron is reframing reality to suit his political agenda."

Seener, who has written extensively about Iran, added that "He has chosen to address students, teachers, trade unions, lawmakers and business leaders and increased oil prices due to the U.S.-led war against Iran. It is unrelated to this. More fundamentally, Macron is choosing to ignore the Red-Green alliance that has contributed to the riots across France, including 38 radical Left and Muslim organizations and 16 student organizations which includes communist youth groups and a Muslim student association such as the Muslim Students of France."

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