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Cost of living soars to highest level since 2023

Cost of living soars to highest level since 2023

MS NOW · 17 hours ago
by Joe Scarborough · Morning Joe


This is an excerpt from the June 10, 2026, edition of “The Tea, Spilled by Morning Joe” newsletter.Subscribe hereto get it delivered straight to your inbox every Monday through Friday.

Asked about the numbers this morning, President Trump said: “I love the inflation.”



Q: Are you concerned about the latest inflation numbers that came out this morning?TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over — do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.— Aaron Rupar (@atrupar.com) 2026-06-10T16:08:03.927Z

Meanwhile, wage growth continues to lag behind the rise in the cost of living, for which 70% of Americans blame President Trump. As my colleague Steve Benen writes:


Perhaps most importantly, NBC News’ report emphasized that inflation’s rise “has surpassed wage growth,” which necessarily exacerbates the affordability crisis gripping American consumers.

Kevin Hassett, the director of the National Economic Council and the top economist at the White House, has argued in recent weeks that rising inflation should be blamed on Democratic policies in blue states. Those claims, like much of what Hassett has to say, have been thoroughly discredited.

And no one is buying it. The latest national CNN poll found that 77% of respondents, including a majority of Republican voters, agreed that Trump’s policies have increased the cost of living. The same poll found that just 30% of Americans approve of the president’s handling of the economy, a career low for the Republican across both terms. That mirrored the results of the latest national Associated Press poll.

There’s no reason to assume those results won’t continue to get even worse.
CATCH UP ON MORNING JOE
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New report reveals the real cost of living in New York City June 10, 2026 / 07:26
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Fmr. NYC mayor: GOP has ‘no answer’ for Iran war, inflation June 10, 2026 / 08:35

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