Billionaire Trump Brags About His Helipad After Inflation Gut Punch

MANDEL NGAN / AFP via Getty ImagesPresident Trump managed to find something worth celebrating on a morning when fresh data showed inflation surging to its worst level in more than three years.Trump posted on his Truth Social platform Wednesday to tout the news that a concrete helicopter landing pad at his Mar-a-Lago Club in Palm Beach would be allowed to remain beyond the end of his presidency, linking to a local news report on the decision. The timing was, to put it charitably, awkward. Hours earlier, the Labor Department released figures showing the Consumer Price Index climbed 4.2 percent in May compared to the same time last year—the third consecutive monthly acceleration, and the fastest annual pace of inflation since April 2023. Prices rose 0.5 percent in May alone, driven largely by energy costs tied to the ongoing war in the Middle East. Inflation had been running at 2.4 percent annually before Trump’s military intervention in Iran in February.Read more at The Daily Beast.