Trump discussed inflation tied to Iran-related conflict in June, when the consumer price index rose to 4.2% — the highest in three years — driven largely by energy costs. Inflation had been 2.4% before the conflict began in February, meaning the war has added roughly 1.8 percentage points to annual price growth, translating to roughly $400-500 extra per year for average households. Trump publicly addressed the connection between the Iran situation and rising prices during this period. House Speaker Johnson later claimed Trump's comment was 'totally out of context,' but multiple news outlets confirmed Trump made remarks tying the Iran-related conflict to inflation concerns when asked directly about the economic impact during wartime.