Trump says 'I love the inflation' as CPI hits 4.2%, a three-year high
By
Dan Mangan
FeedBagel synthesis
· 5 sourcesPresident Donald Trump told reporters he "loves the inflation" after the Labor Department's Consumer Price Index showed a 4.2% annual increase in May, a three-year high, according to multiple reports. The surge in consumer prices was driven partly by high gas prices resulting from the U.S. war in Iran, and Democrats immediately seized on the figures as a political issue, bsky reported. Trump later clarified to the New York Post that his comment was taken out of context, claiming he meant he loves the inflation numbers because they relate to his broader economic arguments, bsky added.
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Summary
President Donald Trump responded to new CPI data showing 4.2% annual inflation (a three-year high) by saying "I love the inflation" and calling the numbers "great." He predicted inflation would drop sharply after the U.S. war against Iran ends, making a confusing statement about the U.S. "taking" oil and ships. The article reports on Trump's unusual remarks about inflation during an Oval Office press interaction.
Key quotes
· 3 pulledNo, I love it, the numbers were great
I love the inflation
going to come down like a rock
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