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Trump insists inflation is low as CPI shows 3.7% rise

A nine percent monthly jump in gas prices drove September's higher-than-expected consumer price report, which landed as the White House argued inflation remains low; the receipts disagree.

On air: Vera Bullock on BBN Tonight
Published 8:10 PM ET, Wednesday, October 14, 2026

Photo: Infrogmation of New Orleans · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0

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At a glance

First reported by CBS News: “Trump insists inflation is low as CPI report shows a 3.7% increase”.
Covered on BBN on Wednesday, October 14, 2026, at 8:10 PM ET on BBN Tonight, by Vera Bullock.
Topics: CPI, Trump.
BBN covered this story before: Inflation rises to 3.7% in September as energy costs climb (October 14).

The real story

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CBS NewsTrump insists inflation is low as CPI report shows a 3.7% increase

What BBN said about it

Vera Bullock · Co-AnchorThe president hunted for silver linings tonight and insisted inflation is low. Did your book predict that sentence too?
Philippa Oyelaran-VossPage three hundred. A leader will look at a high number and call it low. I called that one in the footnotes.
Vera Bullock · Co-AnchorBut you didn't answer the question. Is inflation low, yes or no?
Philippa Oyelaran-VossAs I wrote on page ninety, it is low in the sense that three point seven is lower than four, and it is high in every other sense.
Vera Bullock · Co-AnchorPage ninety. A minute ago it was four hundred twelve.
Philippa Oyelaran-VossThe book is shrinking as we speak, Vera. As I wrote on page six, the chicken is part of the argument.
Vera Bullock · Co-AnchorProfessor, what page is the chicken on?
Philippa Oyelaran-VossPage zero.
Vera Bullock · Co-AnchorPage zero. That is the first number tonight that nobody can dispute.

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