Trump: ‘I love the inflation’ with jump to 4.2% in third running rise amid Iran war
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices
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People pump gas at a gas station in Washington DC on 30 May 2026. Photograph: Bonnie Cash/UPI/ShutterstockView image in fullscreenPeople pump gas at a gas station in Washington DC on 30 May 2026. Photograph: Bonnie Cash/UPI/ShutterstockInflationTrump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressureBefore the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesGaya GuptaWed 10 Jun 2026 13.37 EDTFirst published on Wed 10 Jun 2026 08.34 EDTSharePrefer the Guardian on GoogleDonald 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…
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