Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
Trump said the latest 4.2% inflation reading was “great” and linked higher prices to U.S. oil seizures in the Iran conflict.
- US President Donald Trump expressed support for rising inflation, saying, "I love the inflation," and linking it to the conflict with Iran, predicting that prices will fall once the war ends.
- The consumer price index rose 4.2% year-on-year in May 2024, the highest in over a year, driven by a 40.5% increase in gasoline prices and energy disruptions related to the conflict in Iran.
- The Federal Reserve faces pressure amid inflation concerns, with high inflation expected to continue and limiting the Fed's ability to cut interest rates soon.
- Republican concerns exist that inflation's impact on the cost of living may affect their performance in the November midterm elections, as inflation remains a top voter issue.
204 Articles
204 Articles
Cost of surviving in U.S. is reportedly spiraling, but Donald Trump has his reasons for 'loving' the inflation
On Wednesday, the Labor Department reported that the consumer price index, or CPI, has climbed by 4.2 percent over the past year, with a 0.5 percent increase occurring in May alone. According to The Hill, Senate Minority Leader Chuck Schumer reacted strongly to these numbers during a speech on the Senate floor. “This morning’s inflation numbers reaffirm what the American people already know: Trumpflation is getting worse and worse with no end i…
Inflation hits back hard at Trump, who spins heads with comments
A new report on Wednesday showed inflation rising 4.2 percent in May, marking its highest level in three years and underlining how hard the Iran war is hitting consumers. The Labor Department report is unwelcome news for President Trump and the GOP in an election year where affordability is the dominant issue. Democrats were already [...]
Trump says he loves inflation. But it could overwhelm him
Five months before crucial US midterm elections that could plunge their administration into fresh jeopardy, it’s a brave president who tells voters: “I love the inflation”. Or a really foolhardy or callous one. On Wednesday, Donald Trump did just that, while reacting to news that would make most elected officials run for the hills. Annual inflation in the United States has now risen to 4.2%, its highest level in three years. April’s numbers were…
Time Magazine
Political WireTrump Says ‘I Love the Inflation’
U.S. President Donald Trump during a signing ceremony for the "Secure America Act" in the Oval Office of the White House in Washington, D.C., on June 10, 2026. —Aaron Schwartz—CNP/Bloomberg/Getty Images“You know what I really love?” President Donald Trump told reporters in the Oval Office Wednesday. “I love the inflation.”Trump’s remark came as he was asked about the latest data from the Bureau of Labor Statistics, which showed the Consumer Pric…
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