Trump says he 'loves the inflation' as US prices rise at fastest rate in three years
Consumers are increasingly feeling the strain of the US-Israel war in Iran.
Coverage by Political Leaning
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Notable Quotes
""I love it. The numbers were great. You know what I really love? I love the inflation.""
— Donald Trump , Politician
""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...""
— Donald Trump , Politician
""When this conflict is over… you will see oil drop to where it was before.""
— Donald Trump , Politician
"Gasoline prices remain up almost 50% in 12 months in some states, and even if the US and Iran can come to some sort of resolution, the price rises are increasingly looking higher for longer."
— Lindsay James , Executive
"I’m not concerned about the latest inflation numbers that came out this morning. I love it. I love the inflation."
— Donald Trump , Politician
"I don’t think we’re anywhere near out of the woods yet."
— Omair Sharif , Academic
"I love the inflation."
— Donald Trump , Politician
"It was worth it to me."
— Donald Trump , Politician
"When it’s over, you will see oil drop to where it was before."
— Donald Trump , Politician
"I don’t think about Americans’ financial situation. I don’t think about anybody."
— Donald Trump , Politician
"US fuel prices are 'not very high, relatively speaking.'"
— Donald Trump , Politician
"Americans are getting squeezed financially. This isn't just 'bad vibes' about the economy. There is real pain, especially for middle-class and lower-income households."
— Heather Long , Academic
"Trump promised repeatedly that he would 'end inflation' starting on day one but by almost every measure, he's failed to achieve those goals."
— Don Beyer , Politician
"This month’s CPI print offers no relief to working families, who are being forced to pinch pennies and tighten belts in Trump’s economy."
— Alex Jacquez , Activist
"Americans are getting squeezed financially by inflation that’s back at a three-year high."
— Heather Long , Academic
"Iran will pay the price for not making a deal."
— Donald Trump , Politician
"I love the inflation"
— Donald Trump , Politician
"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."
— Donald Trump , Politician
"When this conflict is over… you will see oil drop to where it was before."
— Donald Trump , Politician
"We will be back at those levels very soon."
— Donald Trump , Politician
"I love it; the numbers were great. You know what I really love? I love the inflation."
— Donald Trump , Politician
"I love the inflation."
— Donald Trump , Politician
Key People
Chief of policy and advocacy at the Groundwork Collaborative.
Economics reporter for the New York Times.
Chief marketing strategist at Creative Planning Investor.
Former president of the United States known for his aggressive economic policies.
U.S. Representative from Virginia.
Chief economist at Navy Federal Credit Union.
Kevin Warsh is the Federal Reserve's new chief.
Lindsay James is an investment strategist at Quilter.
Omair Sharif is the chief economist at Inflation Insights.
Former counselor to the Treasury Secretary and economic analyst.
Tags
All Coverage
Consumers are increasingly feeling the strain of the US-Israel war in Iran.
President Donald Trump expressed optimism about rising inflation, stating, 'I love the inflation,' following a report showing a 4.2% increase in the consumer price index for May, the highest in three years.
President Trump expressed a positive outlook on the 4% inflation rate, stating, 'I love the inflation,' and attributing the rise to energy prices amid the Iran conflict.
President Trump embraced the 4.2% inflation rate, stating, 'I love the inflation,' and linking the rise to military actions affecting oil supplies.
U.S. consumer inflation reached 4.2% in May, the highest in three years, driven by rising gasoline costs due to the Middle East conflict.
President Trump expressed approval of rising inflation, attributing it to the U.S. seizing Iranian oil, and stated that prices will drop once the Iran conflict ends.
Despite rising fuel costs due to the Iran conflict, President Trump claimed that U.S. fuel prices are 'not very high' and highlighted the administration's actions to release oil from the Strait of Hormuz.
Critics argue that President Trump's decision to engage in the Iran conflict has led to a significant rise in inflation, marking the highest rate in three years and adversely affecting working-class Americans.
President Trump expressed approval of the 4.2% inflation rate, attributing it to U.S. actions against Iranian oil exports.
President Trump expressed approval of the latest inflation figures, attributing the rise to U.S. actions against Iranian oil exports.
The U.S. consumer price index increased by 4.2% in May, driven largely by higher fuel costs, marking the highest annual inflation rate in three years.
The New Republic reports that the U.S. annual inflation rate has reached its highest point in three years, a consequence of President Trump's escalating war with Iran, which has led to increased energy costs and financial strain on Americans.
President Trump commented positively on the 4.2% inflation rate, linking it to U.S. operations impacting Iranian oil exports.
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