Trump says ‘I love the inflation’ as annual rate hits 3-year high

The president suggested the recent numbers mean there will be a bigger decline in inflation once the war in Iran is over.

President Donald Trump embraced an unlikely foe Wednesday: inflation.

Subscribe to read this story ad-free

Get unlimited access to ad-free articles and exclusive content.

Asked by reporters whether he was concerned about new economic data that showed inflation last month surged to the highest rate since early 2023, Trump praised the government figures.

“The numbers were great. You know what I really love? I love the inflation. You know why? Because as soon as this war is over ... when the war is over, it’s coming down, it’s going to come down like a rock,” he said, referring to U.S. efforts to secretly get oil ships through the Strait of Hormuz.