Trump is shafting his base economically in three ways most Trump voters don’t see or know. It’s important that they do. 

The Consumer Price Index has risen 2.7 percent from a year earlier. That’s the fastest pace since February. The trend is worrying, especially for working-class consumers who have to sacrifice a larger portion of their paychecks to buy what they bought before. 

So-called “core” inflation — which strips out volatile food and energy prices, and is therefore a more reliable measure for underlying price pressures — is rising even faster: up 2.9 percent from the same time last year.

Trump’s tariffs are the major culprit. Prices rose noticeably on appliances, clothing and furniture — all products heavily exposed to Trump’s import taxes from Canada, China and other major trading partners.

Prices will almost certainly rise further over the course of the summer, as new........

© Eurasia Review