Trump Sparks Backlash After Saying He ‘Loves Inflation’ as US Prices Hit Three-Year High

U.S. President Donald Trump has sparked controversy after declaring that he “loves the inflation” following the release of new data showing consumer prices rose at their fastest annual rate in three years.

According to figures released by the U.S. government, inflation climbed to 4.2% in May, up from 3.8% in April, marking the highest annual inflation rate since 2023. Economists attributed much of the increase to surging energy and fuel costs linked to ongoing tensions and military conflict involving Iran, which have disrupted global oil markets.

When asked by reporters at the White House whether he was concerned about the latest inflation figures, Trump responded, “I love it,” before adding that the numbers were “great.” The president argued that inflationary pressures would ease once the conflict with Iran comes to an end and oil prices stabilize.

Trump also defended his administration’s handling of the economy, pointing to efforts aimed at securing oil supplies and preventing larger disruptions to global energy markets. He expressed confidence that inflation would “fall like a rock” after geopolitical tensions subside.

The remarks quickly drew criticism from political opponents and some economists, who argued that rising prices continue to place pressure on household budgets. Higher costs for gasoline, transportation, and other essentials have contributed significantly to the latest inflation surge.

The inflation report also presents a challenge for the U.S. Federal Reserve as policymakers weigh future interest-rate decisions. Analysts say the latest data could reduce the likelihood of near-term rate cuts, as inflation remains well above the central bank’s 2% target.

Despite the concerns, the White House has maintained that the economy remains resilient, citing a strong labor market and expectations that price pressures will moderate in the coming months.