U.S. President Donald Trump responds to a May surge in consumer inflation by saying he “loves the inflation,” despite new data showing the annual rate rises to its highest level in about three years. Multiple outlets report that Trump was asked about the latest inflation numbers and dismissed concerns, presenting the increase as something he expected and tied to higher energy costs connected to the ongoing war involving Iran. Trump argues that oil markets are being affected by the conflict and that U.S. actions will help stabilize prices. Several sources also say he links the inflation spike to broader market impacts from the Iran conflict and suggests that once the war ends, inflation will fall more quickly. CBS and others additionally mention that Trump cites U.S. efforts in the region, including actions affecting Iranian oil, as part of the explanation. The remark draws political criticism, with some outlets noting Democratic backlash and framing the comments as at odds with public concerns about rising prices. Overall, the reporting centers on the contrast between the inflation data and Trump’s reaction, as well as the administration’s explanation that the Iran-related energy shock is driving the increase.
Trump says “I love the inflation” as May prices rise amid Iran war
U.S. President Donald Trump responds to a May surge in consumer inflation by saying he “loves the inflation,” despite new data showing the annual rate rises to its highest level in about three years....
- U.S. consumer inflation in May rises to a three-year high, with the annual rate reported at about 4.2%.
- Trump tells reporters he “loves the inflation” when asked about the data.
- Trump attributes the inflation increase largely to higher energy costs tied to the ongoing conflict involving Iran.
- Trump suggests inflation will drop more once the Iran war ends and energy pressures ease.
- Some outlets report political backlash to Trump’s comments, particularly from Democrats.
President Trump's claim that a peace deal with Iran will bring down inflation is unlikely, as the war's inflationary effects will persist for months after any peace agreement, and prices will only drift down like a feather.
2 months agoTrump made headlines last month for saying “I love the inflation” when asked about rising costs amid the Iran War.
2 months 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. "The numbers were great... I love the inflation," Trump told reporters, a comment pounced on by Democrats who have made rising prices a cornerstone of their campaign to take control of Congress in November's midterm elections.
2 months agoPresident Donald Trump’s attempt to explain his sudden “love” for high inflation just made things so much worse. Speaking to reporters in the Oval Office Wednesday, Trump brushed off a bleak inflation report finding that America’s annual inflation rate had reached its highest levels in three years.“The numbers were great. You know what I really love? I love the inflation,” Trump said.Speaking on the phone with the New York Post later that day, Trump claimed he’d been taken out of context. “I love the inflation numbers because of what I’m talking about,” he said. “The numbers are going to be phenomenal because what’s showing is that despite the fact that we’re in a war, the numbers are much lower than anticipated, and when we’re out of that war, the numbers will be at lower numbers than they were even before it started,” Trump claimed. Inflation is not any lower than anticipated. Last month, a group of economists surveyed by Bloomberg estimated the consumer price index would rise to 3.9 percent. The Organization for Economic Cooperation raised its prediction up from 3 to 4.2 percent. Per Wednesday’s Bureau of Labor Statistics report, the current inflation rate is 4.2 percent.Still, Trump attempted to repackage the fastest-growing inflation in three years as better than it could’ve been and a sign of good things to come. That’s not good enough for Americans who are struggling to pay for gas, rent, and groceries because of a reckless war with no end in sight. Trump also dismissed Democrats who’d criticized his gushing over high inflation. “They’re so bad,” Trump said. “I was talking about inflation numbers that will be so good as soon as the war ends. The numbers will come way down, that’s what I’m talking about.“I’m always taken out of context,” the president continued. “My inflation numbers will be very low as soon as the war—they’re already very low, but they’ll be very low, because you know the energy brings them up a little bit, because we have to stop Iran from having a nuclear weapon.”Of course, that doesn’t even begin to qualify as being taken out of context. It was Trump who elided the actual context of the question: the current inflation rate. Not future numbers, or predictions, but the painful reality that Americans are literally paying the price for Trump’s wildly unpopular war. Was he concerned? No, he was delighted. If anything, the president’s baffling remarks have handed Democrats a winning message for the midterm elections: Trump loves inflation, and thinks that anyone whose struggle to make ends meet should thank him that things aren’t worse.
2 months agoInflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, President Trump said "I love the inflation" and argued global prices would be higher if not for a secret U.S. mission in the Strait of Hormuz. Nancy Cordes has more.
2 months agoWith inflation flashing its hottest warning signal in three years, US President Donald Trump delivered a surprising take on the latest government numbers, telling reporters he “loved” inflation while insisting prices would ease once the Iran war ends. Pressed on data showing consumer inflation rose at its fastest pace in three years in May — […]
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