The ongoing tension between America and Iran is affecting most of the countries of the world. Due to the closure of the Strait of Hormuz, the supply of oil and gas has been badly affected. The important thing is that the war is also having a negative impact on America. On one hand, US President Donald Trump is busy in war, while on the other hand, the American people are being hit by inflation. Inflation in the US is at the highest level since April 2023.

The American people are being hit hard by inflation and at present there is no hope of relief from it. In May this year, CPI inflation rate has increased to 4.2%, which is the highest level since April 2023. Not only this, now the possibility of increasing the Fed rate has increased. Due to war, all the countries of the world are struggling with inflation and America has also fallen prey to it.

American leader raised voice against Trump regarding inflation

Democratic leader in the US House of Representatives, Hakeem Jeffries has made a strong attack on Trump. Accusing the Trump administration, he said, ‘Inflation is continuously increasing in the US. Inflation has had the biggest impact on healthcare. Is pushing America towards a reckless and costly war with Iran, which could have been avoided.

Jeffries said that as House Democrats prepare to oppose the Republican budget reconciliation package, ‘affordability’ will remain the most important issue for them.

If we talk about other countries of the world, Venezuela, Sudan, Turkey and Iran are in the top list in terms of inflation. Argentina is also facing the brunt of inflation.

Also read: Will Mamata Banerjee really merge TMC with Congress? Abhishek Banerjee told what is the truth