dChan - Q Origins Project Archive

Trump says he 'loves the inflation' as US prices rise at fastest rate in three years

President Donald Trump has said he "loves the inflation" as US prices rose last month at their fastest rate in three years.

Bureau of Labor Statistics (BLS) figures showed prices went up by 4.2% in May from a year earlier. The increase, from 3.8% in April, was driven by rising energy costs in the wake of the US-Israel war in Iran.

"I love it. The numbers were great. You know what I really love? I love the inflation," Trump said at the White House.

But he promised the rising prices would "come down like a rock" when the war with Iran was over. Later in the day, the US military bombed Iran.

Reacting to the inflation figures on Wednesday, the president said US forces had conducted nighttime operations to take "millions of barrels" of oil from Iran, which he said had contributed to a slight drop in oil prices.

"When this conflict is over… you will see oil drop to where it was before," he told reporters in the White House.

The president pointed to a trip to Iowa in early 2026, saying he saw petrol selling for $1.85 per gallon, adding that "we will be back at those levels very soon".

The global benchmark for oil, Brent crude, is still trading significantly higher than pre-war levels.

Trump told the New York Post later his remarks were taken out of context and he meant inflation is "much lower than anticipated", despite the Iran war.

https://www.bbc.com/news/articles/c0myzxjkw99o