President Donald Trump drew swift political backlash after declaring that he "loves the inflation" following the release of new government data showing consumer prices rose at their fastest annual pace in more than three years.
The comments came after the Consumer Price Index increased 4.2% in May from a year earlier, the highest annual inflation rate since April 2023. Speaking at the White House, Trump described latest figures as "great" and said he was optimistic that prices would fall once the war in Iran subsides, according to The Associated Press.
