Trump Says 'I Love Inflation' After US Consumer Price Index Hits Three-Year High | Video

US President Donald Trump on Wednesday said, “I love the inflation” after being asked whether he was concerned about fresh consumer price index (CPI) data showing inflation at a three-year high.

Speaking to reporters in the Oval Office, Trump dismissed concerns over the latest figures released by the US Bureau of Labor Statistics, saying the “numbers were great” and insisting rising prices would soon ease.

Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?

Trump: No, I love it. I love the inflation. pic.twitter.com/vktX6C9lbk

— Acyn (@Acyn) June 10, 2026

“No, I love it. I love the inflation,” Trump said when asked about the data showing annual inflation at 4.2%, the highest level since 2023.

“You know what I really love? I love the inflation.”

He linked his outlook to the ongoing US war with Iran, saying inflation would “come down like a rock” once the war ended, while suggesting the US was affecting global oil flows.

“As soon as this war is over… we’ve been taking out millions of barrels of oil,” Trump said, without offering further detail.

When pressed on the inflation figures, he repeated: “The numbers were great… I love the inflation.”

The comments come as the latest CPI report showed inflation accelerating to 4.2% in May, driven largely by higher energy costs linked to global supply disruptions. It marks the fastest pace of price growth since April 2023.

Economists have warned that the surge in energy prices, particularly fuel, is likely to keep inflation elevated in the near term, even as some indicators suggest price pressures could stabilise later this year.

The Federal Reserve, which targets 2% inflation, is widely expected to hold interest rates steady at its upcoming policy meeting as it assesses the impact of higher energy costs on the broader economy.

Markets have increasingly priced in the possibility of rate hikes later in the year, as inflation remains above target and geopolitical tensions continue to disrupt energy supply chains.

(With inputs from agencies)