Trump says he 'loves inflation' as prices hit three-year high

President Donald Trump has sparked widespread astonishment by stating he "loves inflation," even as U.S. price increases reached a three-year high. The annual inflation rate climbed to 4.2% in May, a figure the president described as "excellent." Trump dismissed concerns, asserting, "I love it. The numbers were excellent. You know what I really love? I love inflation."

Trump predicted that prices would soon plummet, comparing the expected drop to a falling stone. He linked this forecast to the resolution of the U.S. conflict with Iran. The president also suggested that secret U.S. facilitation of oil transit through the Strait of Hormuz explained the stabilization of oil prices around $85 per barrel.

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No, I love it. The numbers were excellent. You know what I really love? I love inflation.

Later, Energy Secretary Chris Wright offered a partial clarification, stating he had no information about secret operations but confirmed U.S. military support for tanker transit in the region. Official data showed a 0.5% monthly inflation increase in May, with core inflation, excluding food and energy, reaching 2.9% annually.

Democratic leaders swiftly condemned Trump's statements, highlighting their negative impact on ordinary Americans. They argued that the president's comments disregarded the economic hardships faced by citizens, especially as inflation and the cost of living remain critical issues ahead of the fall elections.

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It will fall like a stone.