Trump declares 'I love the inflation' as US inflation rate rises to 4.2%

Former President Donald Trump recently declared his affection for inflation, stating "I love the inflation," after new government data released on Wednesday, June 10, 2026, revealed the U.S. annual inflation rate climbed to 4.2% in May. This marks a three-year high and the third consecutive monthly increase, reflecting a significant rise in consumer prices.

Speaking from the White House, Trump justified his stance by linking the elevated prices, particularly in energy, to the ongoing U.S.-Iran conflict. He expressed confidence that inflation would rapidly decrease once the war concludes, asserting that the reported numbers were "great." He also claimed the U.S. had been secretly obtaining millions of barrels of oil via the Strait of Hormuz to help mitigate rising costs.

This unexpected endorsement of inflation contrasts with Trump's earlier critical remarks on the issue and has drawn immediate attention from political observers, who noted the surprising position amidst public concern over the cost of living.