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Trump insists inflation surge 'short term,' policies working

World News

12-05-2026 | 14:22

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Trump insists inflation surge 'short term,' policies working

President Donald Trump on Tuesday insisted that his policies are working and that surging inflation is merely temporary due to the U.S.-Israeli war against Iran.

"Our inflation is just short-term," Trump told reporters, predicting it would fall to 1.5 percent from its current three-year high of 3.8 percent. "As soon as this war is over, which will not be long, you're going to see oil prices drop."

AFP

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