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4.2% inflation tests Trump's price promise

BLS data puts May prices at 4.2%, while Trump says he loves inflation as households face higher energy bills

Jun 10, 9:17 PM EDT Cross-checked across 2 sources

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May prices rose 4.2% as energy costs climbed; Trump dismissed inflation concerns and argued oil prices would fall when the Iran war ends.

Frame 1BLS data puts May prices at 4.2%, while Trump says he loves inflation as households face higher energy bills.
Frame 2BLS data showed the rate up from 3.8% in April, the fastest pace in three years.
Frame 3Energy costs drove the increase after the war in Iran pushed oil markets higher.
Frame 4Trump promised prices would come down like a rock when the Iran war ends.
Frame 5He cited U.S. nighttime operations near Hormuz as he argued oil prices would fall.
Frame 6Brent crude staying above pre-war levels leaves households watching pump prices and June inflation data.

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Published: Jun 10, 9:17 PM EDT
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