Main Street consumer confidence continues to tank, despite falling gas prices and rising stocks. Unemployment is their main concern, and inflation is a close second. The Democrats know this ring tone.
The headline CPI reading of +5.6% year over year may very well be a lagging economic indicator (it was the highest monthly report since January of 1991), but that doesn't mean that Obama won't use it to his advantage. Bernanke is “data dependent”, remember?