U.S. President Donald Trump said he was not worried about the latest inflation data, telling reporters: “No, I like it. I love inflation.” The latest figures show U.S. CPI rose 4.2% year on year in May, a three-year high, while core CPI reached its highest annual rate since last September.
Odaily reported that U.S. President Donald Trump gave a brief response when asked by reporters whether he was concerned about the latest inflation data released today. Trump replied: “No, I like it. I love inflation.”
The latest figures show that U.S. CPI climbed to 4.2% year on year in May, reaching a three-year high. At the same time, the annual rate of core CPI rose to its highest level since last September. The information was cited from Jinshi and carried in Odaily’s 7x24H newsflash.
CPI is commonly used as a measure of changes in consumer prices, while core CPI excludes some more volatile categories. In this news item, the rise in both inflation indicators was reported alongside Trump’s direct answer to the question about concern over the data.
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