Trump Says Affordability Is ‘Fake Word’ As Inflation Hits 3-Year High
Key takeaways
- US President Donald Trump addresses the media during a closing press conference at the G7 summit in France, on June 17, 2026.AFP via Getty ImagesKey FactsTrump spoke at the G7 summit on Wednesday to declare the U.S.
- The remarks come one week after Trump made headlines for saying, “I love the inflation” after federal data showed the Consumer Price Index rose 4.2% annually in May, the steepest rate since April 2023.
- This is a developing story and will be updated.
Topline President Donald Trump once again dismissed Americans’ economic concerns as a problem made up by Democrats and went as a far as calling affordability “a fake word,” effectively putting him at direct odds with his own administration's data as consumer prices rise at their fastest pace in three years and his vice president publicly acknowledges Americans are struggling.
US President Donald Trump addresses the media during a closing press conference at the G7 summit in France, on June 17, 2026.AFP via Getty ImagesKey FactsTrump spoke at the G7 summit on Wednesday to declare the U.S. has “the strongest economy we've ever had” and called affordability a “fake word made up by the Democrats.”
The remarks come one week after Trump made headlines for saying, “I love the inflation” after federal data showed the Consumer Price Index rose 4.2% annually in May, the steepest rate since April 2023.