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.
3 months agoTrump made headlines last month for saying “I love the inflation” when asked about rising costs amid the Iran War.
3 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.
3 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.
3 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.
3 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 — […]
3 months agoUS President Trump dismissed inflation concerns as consumer prices surged to a three-year high, attributing it to energy costs from the war in Iran.
3 months agoWASHINGTON, United States — US 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 with 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. READ: From unfilled gas tanks to fewer frills: Americans rethink spending The consumer price index (CPI) rose 4.2 percent year-on-year, up from the previous month’s 3.8 percent […]...Keep on reading: ‘I love the inflation’: Trump comment on price jump sparks backlash
3 months ago'I love the inflation,' Trump says as prices jump again EuronewsTrump says 'I love the inflation' as US prices rise at fastest rate in three years BBCTrump’s most tone-deaf comments on Iran and the economy, ranked CNN‘The die has been cast’: Trump allies fear it's too late to reverse economic woes PoliticoTrump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure The Guardian
3 months agoTrump, who was in part elected on his promises to tackle inflation, said he had been prepared for the war in Iran to hit stock markets and oil prices.
3 months agoPresident 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.
3 months 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.
3 months agoThe president suggested the recent numbers mean there will be a bigger decline in inflation once the war in Iran is over.
3 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.
3 months 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....
3 months 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.
3 months agoAt a press conference this afternoon, a reporter asked President Donald Trump if he is concerned about inflation rates after new data showed the consumer price index at a three-year high of 4.2 percent. “I love the inflation,” Trump said. In Februrary, before the US began bombing Iran, inflation was at 2.4 percent. Trump predicted […]
3 months agoPresident Donald Trump welcomed new inflation data showing prices rising 4.2%, saying the numbers were "great." He argued higher energy costs linked to the Iran conflict were temporary and claimed US forces were moving millions of barrels of oil through the Strait of Hormuz.
3 months agoPresident Donald Trump said he loves inflation.A new report released Wednesday by the Bureau of Labor Statistics found that America’s annual inflation rate had reached its highest levels in three years. Later, in the Oval Office, a reporter asked Trump whether the new inflation numbers concerned him. The president presented his own pathetic spin. “No, I love it. The numbers were great. You know what I really love? I love the inflation,” Trump said. Sorry, what?Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?Trump: No, I love it. I love the inflation. pic.twitter.com/vktX6C9lbk— Acyn (@Acyn) June 10, 2026As Americans are struggling to afford gas, food, electricity, and medical care, Trump suggested that the high prices would be good for “after the war.” “You know, we’ve been taking out millions of barrels of oil. Nobody knows it. You know who doesn’t know about it? Iran until right now,” Trump said. “We took out, the other night, 22 ships, late at night with no lights because they don’t have any radar because we blasted the crap out of it.”Trump indicated that clandestine oil flows were why crude prices were below $100 per barrel. But if that was ever really a secret, Iran certainly knew about it—because Trump had posted about it earlier in the day.Trump has made it clear he cares more about oil companies than average Americans, who aren’t likely to buy the president’s sudden pivot after he’s spent the last few years railing against inflation.
3 months agoPresident Trump suggested that inflation would drop when the U.S. war against Iran ends, and said, "we've been taking out millions of barrels of oil."
3 months agoPresident Trump told reporters Wednesday that he loved “inflation,” after he was asked about inflation spiking in May. “No, I love it. The numbers were great,” Trump said when asked if he was concerned about the latest data, which showed the consumer price index rising to 4.2 percent over the past 12 months — with...
3 months agoPresident Donald Trump commented on the latest Consumer Price Index, noting inflation rose to 4.2% in May.
3 months agoPresident Trump is weighing in on the latest Consumer Price Index data, which shows inflation rose to 4.2% in May. Mr. Trump said, "I love the inflation," and said oil and gas prices will slump after the war with Iran is over.
3 months agoThe U.S. annual inflation rate is the highest it’s been in three years—a clear consequence of President Trump’s widely unpopular, very expensive war on Iran, which drags on even as he constantly claims that he’s close to a deal.The Bureau of Labor Statistics reported on Wednesday that the consumer price index rose 0.5 percent last month, with energy costs accounting for 60 percent of that increase. The annual inflation rate is at 4.2 percent—the highest since April 2023.“Americans are getting squeezed financially by inflation that’s back at a three-year high,” Navy Federal Credit Union chief economist Heather Long told CNBC. “The frustration for many Americans is that so many of the basics are up in price right now—gas, food, electricity, and medical care are all clear pain points that are above 3 percent inflation. Ending the war in Iran will help to moderate inflation, but the worst is likely still to come for rising food prices.”Trump, for his part, has claimed that Iran will “pay the price” for not making a deal. But it’s clear at this point that Iran is willing to draw this conflict out so that American’s pockets hurt more and more every day. It’ll be a difficult sell to midterm voters with inflation at a three-year high and a cost-of-living crisis that was already dire—two issues Trump ran on solving. And it’s entirely his fault.CNN: INFLATION TOPS 4% FOR FIRST TIME IN THREE YEARS AS OIL PRICES JUMP pic.twitter.com/icTIIyDLJq— Aaron Rupar (@atrupar) June 10, 2026
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