By Evaristo Lara
The president Donald Trump surprised with a response given to a journalist who asked him for his opinion regarding the increase in the consumer price index (IPC) recorded so far this year.
“I love inflation. That’s why oil is at $85 a barrel,” said the Republican from Seventy 9 years. to the surprise of the rest of the media representatives gathered in the Oval Office of the White House.
According to the most recent report issued by the Department of Labor, Over the past 12 months, the CPI rose 4.2% with 0.5% in May.
However, far from being concerned about the rise in prices of energy, fuel and food, the New York tycoon implied that he had planned all of this, as he assures that it is part of a transitory stage of the American economy in which it is common to observe ups and downs and swings.
“We had just reached the all-time high in the stock market and the highest savings for retirement. The best economic situation we had ever had before the war with Iran,” he mentioned.
The coldness of the numbers projects that the economy’s problems are still far from being resolved, since energy prices increased 10.9% in March, 3.8% in April and 3.9% last month.
In this regard, Democrat Chuck Schumer, minority leader in the Senate, attacked the nation’s president considering that it is plunging Americans into a crisis from which it will be difficult to get out.
“The inflation numbers reaffirm what the American people already know: Trump-induced inflation is getting worse and worse with no end in sight.
Let’s be clear, Republicans are not only failing to address the affordable housing crisis, they are making it worse. “They are actively making it worse,” he said in a speech to the Senate floor.
In defense of the controversial statement issued by the head of the nation, Mike Johnson, president of the House of Representatives, tried to rearrange it to give it a different meaning.
“It was totally out of context. What I wanted to say is that it will be great to have that number and compare it with what comes next. When we resolve these situations, it will be interesting to consider it and compare it. That’s what I was talking about. That was the context,” he emphasized.
Keep reading:
• Inflation in the United States rose to 4.2% in May, the highest level since 2023
• FED report reveals how high inflation is putting pressure on American consumers
• US household debt reached an all-time high in the first quarter of the year
