It’s not just Delta: airlines across the board are celebrating record-breaking profits as they hike up fares and extra junk fees, passing on oil price increases and then some to travelers.
Don’t just take it from us; they’ve been bragging about it.
New inflation data out today is the first full snapshot since the onset of Trump’s war with Iran.
The numbers tell the story: prices overall have surged 3.3% compared to last March - prices overall are up ~1% - compared to Feb. of this year.
More bad news: Even with a 2-week
NEW: Consumer sentiment just hit an all-time low – worse than anything seen since tracking began in the 1960s.
Consumers haven’t felt this bad about the economy – ever.
The average monthly electricity bill in the U.S. rose 7% in the 13 months since Trump took office, nearly twice the 4% it rose in the 13 months before, per NBC
Sentiment just hit a record low, down 11% this month and 9% from a year ago. Consumers blame the Iran war.
I too can sort a spreadsheet!!
Today's CPI report showed that year over year prices of:
Fuel oil⬆️44%
Tomatoes⬆️23%
Gasoline⬆️19%
Coffee⬆️19%
Airfares⬆️15%
Fuel oil (+31%) was the largest monthly jump since 2000 and gasoline (+22%) was the largest since data collection began
Consumers: CEOs:
JUST IN: Inflation soared in March to 3.3% y/y--> the highest annual rate since May 2024. The war in Iran is squeezing middle income and lower income households.
**Inflation in March alone rose 0.9%. That’s the biggest one-month jump since June 2022**
Gas jumped +21% in March
Trump’s war on Iran has made prices skyrocket on everything from gas to groceries. But one group seems to be doing just fine.
Airline executives are using the conflict to jack up their profits — and bragging about it.
Out of the 18 companies suing the federal government for Trump tariff refunds, only 2 said they’d pass those refunds back to their customers.
You know, the people who actually paid the higher prices. https://tinyurl.com/2bajbjxd
It shouldn't require a law degree & months of emotional labor just to avoid financial ruin over a medical bill.
But today, families are forced to fight opaque systems at the worst moments of their lives—and that’s by design.
This is the Annoyance Economy in its cruelest form.
Americans encounter bureaucratic friction in almost all consumer experiences, including subscriptions, insurance, and rentals—and “the American government doesn’t help the situation,” @AnnieLowrey argues: https://www.theatlantic.com/ideas/2026/02/ai-annoyance-economy/685894/
Today’s Personal Consumption Expenditure is clear: Once again, Trump has betrayed working families.
Corporate profits, however, are at a record high. Our @AlexSJacquez says it best 👇
🔗: https://groundworkcollaborative.org/news/new-data-shows-trumps-economy-faltering-before-illegal-war-in-iran/
Good news for chocolate lovers. After consumers revolted, Hershey’s had to walk back their decision to make their candy with cheaper, artificial ingredients.
@owenslindsay1 breaks down how corporations use “skimpflation” to make products worse – while still keeping their profits
.@ChrisJansing on @MSNOWNews asked @AlexSJacquez about rising prices thanks to Trump’s war in Iran: “What worries you most in terms of what consumers could see?”
“Just about everything.”
Whether A.I. will lead to widespread job loss remains guesswork.
But one thing is already clear: A.I. will land first & hardest on the low- and middle-class workers.
Excellent read from @jennifermharris 👇
