Trump on latest economic data linked to Iran war: "I love the inflation"
Summary
President Donald Trump commented on the latest economic report showing that inflation increased to 4.2% in May. He said he "loves the inflation" and predicted that oil and gas prices will fall after a war with Iran ends.Key Facts
- Inflation rate was 4.2% in May according to the Consumer Price Index.
- President Trump expressed a positive view about the inflation increase.
- He linked the rising inflation to the situation involving a war with Iran.
- Trump said oil and gas prices will drop once the conflict with Iran is over.
- The statements were made during a public comment covered by CBS News.
- The Consumer Price Index is a measure that tracks the average change in prices for goods and services over time.
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