Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

Donald Trump said I love the inflation" after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high.

Speaking from the White House on Wednesday, the US president said that he was not concerned about inflation because of recent developments in the conflict.