Several outlets report that President Donald Trump responds to the latest inflation figures with unexpected approval, saying “I love the inflation.” The comments come after May data show the Consumer Price Index rising at a 4.2% annual rate, the fastest pace in about three years. NBC News, CBS News, CNBC, The Hill, and other outlets say Trump links the higher inflation to energy costs and the ongoing conflict with Iran. Multiple reports state that he argues oil and gas prices will fall once the United States’ war or military confrontation with Iran ends. CNBC and The Hill also report Trump suggests that a larger decline in inflation could follow the end of the conflict. NBC News additionally notes that Trump has reiterated a threat to attack Iran “hard” as inflation increases. Times of India and CBS News report Trump credits his administration’s actions with potentially stabilizing oil markets to ease inflationary pressures. Across coverage, the core point is Trump’s dismissive-to-positive reaction to rising consumer prices, paired with claims that the Iran-related energy shock will reverse.
Trump says he ‘loves’ inflation as CPI rises to a 3-year high amid Iran war
Several outlets report that President Donald Trump responds to the latest inflation figures with unexpected approval, saying “I love the inflation.” The comments come after May data show the Consumer...
- The latest Consumer Price Index data show inflation at a 4.2% annual rate in May, about a three-year high.
- President Donald Trump responds to questions about the data by saying “I love the inflation.”
- Trump attributes the inflation increase largely to higher energy costs tied to the U.S. conflict with Iran.
- Multiple reports say Trump predicts oil and gas prices will drop after the Iran war ends.
- NBC News reports Trump also says he would attack Iran “hard” again as inflation rises.
President Trump expressed an unexpectedly positive view on recent inflation data, "loving" the rise in consumer prices despite it being the fastest annual pace in over three years. He attributed the increase primarily to energy costs linked to the Iran conflict, claiming his administration's actions would stabilize oil markets and ease inflationary pressures.
2 hours agoU.S. inflation reached a three-year high of 4.2%, with Trump arguing that ending the war will resolve both the conflict and rising prices.
5 hours agoThe president suggested the recent numbers mean there will be a bigger decline in inflation once the war in Iran is over.
7 hours agoUS President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war in Iran.
7 hours agoWelcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump embraces May price spikes amid Iran war: ‘I love the inflation’ President Trump told reporters Wednesday that he loved “inflation,” after he was asked about inflation spiking in May. © AP “No, I love it....
8 hours agoNBC News Correspondents Monica Alba, Courtney Kube and Brian Cheung join Meet the Press NOW to report on recent developments in the war with Iran after the President Trump vowed to attack the country “hard” again while inflation jumps to its highest point since 2023.
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