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.