Trump Called Gas Prices 'Peanuts' — Inflation Just Hit Its Worst Level In 3 Years (opens in new tab)

In comments outside the White House on May 19, Donald J. Trump said Americans' financial problems were “peanuts," and the president has repeatedly called the affordability crisis a "hoax." Well, as it happens, he's wrong again. Surging gas prices sent inflation to a three-year high last month, complicating life for the Federal Reserve and handing Trump a political headache as midterm elections creep closer. The Labor Department reported Wednesday that consumer prices climbed 4.2% in May compa...