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Euronews
Euronews
Nathan Rennolds

'I love the inflation,' Trump says as prices jump again

Inflation Donald Trump Iran United States

US President Donald Trump on Wednesday appeared to welcome fresh data showing inflation had jumped to an annual rate of 4.2% in May, telling reporters: "I love the inflation".

Prices have risen sharply in recent months amid the US's war in Iran, with Tehran's closure of the Strait of Hormuz having a major impact on global markets. Inflation rose from 2.4% in February - before the outbreak of the conflict - to 3.3% in March and 3.8% in April.

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