“I Love Inflation,” Trump Says, As Rates Rise Thanks to Iran War
President Donald Trump expressed his support for the current inflation rate, stating that he loves it and believes it will decrease once the war with Iran is over. The consumer price index has reached a three-year high of 4.2 percent, up from 2.4 percent in February before the US began bombing Iran. Trump attributed the increase in inflation to the war and claimed that the US has been secretly ferrying oil out of the Strait of Hormuz, which has helped to keep oil prices lower.
- ▪The consumer price index has reached a three-year high of 4.2 percent.
- ▪The US has been bombing Iran since February, resulting in almost 3,500 Iranian deaths.
- ▪Trump claims that the US has been secretly ferrying oil out of the Strait of Hormuz to support oil tankers and commercial ships.
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freestar.config.enabled_slots.push({ placementName: "motherjones_right_rail_1", slotId: "ROS_ATF_300x600" }); Are you loving the inflation?Aaron Schwartz/Zuma Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. At a press conference this afternoon, a reporter asked President Donald Trump if he is concerned about inflation rates after new data showed the consumer price index at a three-year high of 4.2 percent. “I love the inflation,” Trump said. In Februrary, before the US began bombing Iran, inflation was at 2.4 percent. Trump predicted that inflation will “come down like a rock” once the war is over. Q: Are you concerned about the latest inflation numbers that came out this morning?TRUMP: No, I love it. I love the inflation.
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