Trump Says 'I Love Inflation' as U.S. CPI Hits 4.2% Three-Year High
On June 10-11, 2026, President Donald Trump responded to new CPI data showing U.S. annual inflation at 4.2%—a three-year high—by stating he "loves" the inflation and calling the numbers "great." The remarks, made in the Oval Office during a signing ceremony, drew widespread criticism from Democrats and economists. The inflation spike is attributed to the ongoing Iran war and Strait of Hormuz blockades, which have driven energy costs up 23.5% and gasoline prices 40% year-over-year.
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Trump Dismisses Affordability as 'Fake Word' as Inflation Hits 3-Year High
President Donald Trump, speaking at the G7 summit on June 17, 2026, dismissed affordability concerns as a 'fake word made up by the Democrats,' contradicting his own administration's data showing inflation at a three-year high of 4.2% in May. This marks the third consecutive month of accelerating price growth, driven largely by energy costs amid the Iran War, which Trump initiated in February alongside Israel. The average gas price has risen to $4.02 per gallon, up from $3.16 a year ago. Vice President JD Vance publicly acknowledged the affordability problem as 'very real,' creating a split with Trump. The Federal Reserve, under new chair Kevin Warsh, held interest rates steady but signaled a potential hike later this year. Trump has previously stated he 'loves the inflation' caused by the war, despite polls showing Americans largely blame him for rising prices.
Forbes - BusinessTrump Irritates with 'I Love Inflation' Remark as US Inflation Tops 4%
US President Donald Trump sparked criticism after stating 'I love inflation' in response to a journalist's question about rising consumer prices. The US Department of Labor reported that inflation in May 2026 reached 4.2%, the first time above 4% in three years, driven largely by energy costs. Gasoline prices surged 40% year-over-year, and overall energy costs rose 23.5%. The article attributes the inflation spike to the ongoing Iran war and blockades in the Strait of Hormuz, which have constrained global energy supplies. The US Energy Information Administration revised its Brent crude oil price forecast upward to $95 per barrel for 2026. Democratic Senator Chuck Schumer condemned Trump's remarks, accusing him of contempt for Americans. Trump did not explain why he viewed inflation positively but suggested it would subside.
Nachrichten - WELTTrump Says 'I Love Inflation' as U.S. Prices Rise at Fastest Pace in 3 Years
U.S. President Donald Trump has sparked controversy after appearing to embrace rising inflation, telling reporters, 'I love the inflation,' while responding to fresh economic data showing consumer prices increased at their fastest pace in three years. The remarks, made on June 11, 2026, come amid growing public concern over the cost of living and have drawn criticism from political opponents and economists. The article, published by The Hindu, highlights the political and economic implications of the statement as inflation becomes a key issue ahead of upcoming elections.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Trump Says He Loves Surging Inflation Amid Three-Year High
President Donald Trump stated he 'loves' the surging inflation after a Bureau of Labor Statistics report showed the annual inflation rate reached its highest level in three years. When asked by a reporter in the Oval Office if he was concerned, Trump responded positively, claiming the numbers were great and linking high prices to the ongoing war with Iran. He referenced clandestine oil operations and a recent strike on 22 Iranian ships to justify crude prices below $100 per barrel. The article criticizes Trump's remarks as out of touch with Americans struggling with rising costs for gas, food, electricity, and medical care, and notes his previous opposition to inflation. The piece also includes separate reports on Trump's conflict with conservative figures over Epstein files and his rushed plans to build a 'Triumphal Arch' in Washington, D.C.
The New RepublicTrump Says Surging Inflation Is a Great Thing
President Donald Trump stated he loves inflation after a Bureau of Labor Statistics report showed the annual inflation rate reached its highest level in three years. When asked by a reporter in the Oval Office if the numbers concerned him, Trump replied, 'No, I love it. The numbers were great.' He suggested high prices would be beneficial 'after the war' and referenced clandestine operations against Iranian oil ships, claiming crude prices remained below $100 per barrel due to these actions. The article criticizes Trump for prioritizing oil companies over average Americans struggling with rising costs of gas, food, electricity, and medical care, noting his previous opposition to inflation.
The New RepublicTrump says 'I love the inflation' after CPI hits 4.2%, a three-year high
On June 10, 2026, President Donald Trump responded to new Consumer Price Index (CPI) data showing the annual inflation rate at 4.2%, a three-year high, by stating, 'I love the inflation' and calling the numbers 'great.' The remarks were made in the Oval Office during a signing ceremony for the 'Secure America Act.' The CNBC report, marked as breaking news, highlights Trump's unusual endorsement of rising inflation figures, which typically concern policymakers and consumers. The article includes a Getty Images photo of Trump at the event and notes the CPI data as a key economic indicator.
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