The Globe and Mail reports in its Friday, May 29, edition that U.S. inflation surged in April at its fastest rate in three years. A Reuters dispatch to The Globe reports that the Personal Consumption Expenditures Price Index rose 3.8 per cent year-over-year, the highest increase since May, 2023, while March saw an increase of 3.5 per cent. Economists had predicted the 3.8-per-cent rise, and the index went up 0.4 per cent month-on-month in April after a 0.7-per-cent increase in March. The national average retail gasoline price shot up 12.3 per cent in April. Gasoline prices have increased more than 50 per cent since the war started at the end of February. Consumers are facing higher prices for goods and services, with inflation rising even before the war due to President Donald Trump's import duties. As a result, many Americans are frustrated with his economic management. A recent Reuters/Ipsos survey indicated that Mr. Trump's presidential approval rating has dropped significantly, particularly among Republicans. Mr. Trump won the 2024 presidential election in large part because of his promise to lower inflation. Soaring prices threaten his Republican Party's Congressional majority in the November midterm elections.