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International Business Times UK
International Business Times UK
Robert Gorgonio

Donald Trump Actually Declares 'I Love the Inflation' While Everyday Americans Suffer From High Costs

Donald Trump Inflation BLS Economy
President Donald Trump's 'I love the inflation' remark draws criticism as US consumer prices remain above the Federal Reserve's 2% target amid ongoing Iran conflict (Credit: The White House/Joyce N. Boghosian)

President Donald Trump sparked controversy on 10 June 2026 after telling reporters in the Oval Office, 'I love the inflation,' even as official government data showed consumer prices rising well above target levels.

According to the US Bureau of Labor Statistics (BLS), annual Consumer Price Index (CPI) inflation reached 4.2% in May 2026, up from 3.8% in April and marking its highest rate since April 2023.

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