Investing.com -- Treasury Secretary Scott Bessent said Thursday he anticipates price pressures will ease soon despite universally negative recent inflation data, predicting one or two more "hot inflation numbers, but then I think we're going to see substantial disinflation."

Speaking to CNBC from President Donald Trump's summit with Chinese President Xi Jinping, Bessent attributed the recent inflation surge to energy costs and said the U.S. is "going to keep pumping" oil to ease the supply shock from the Iran war.

"I firmly believe that nothing is more transient than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down," Bessent said. "So I think core inflation will continue coming down."

Recent data showed consumer prices rose 0.6% in April, with core costs excluding food and energy up 0.4%. Twelve-month inflation reached 3.8%, while core inflation stood at 2.8%.

Wholesale prices jumped 1.4%, pushing the 12-month level to 6%, the highest since late 2022. Import and export prices also posted their highest levels in approximately four years.

Bessent's comments came as incoming Federal Reserve Chair Kevin Warsh prepares to take over Friday following his Senate confirmation Wednesday. Current Chair Jerome Powell's term ends Friday.

"I was never on team transitory during Covid," Bessent said. "We'll get to the other side of this, and I don't know whether it's a few days or a few weeks, and energy inflation will come back down."