Trump Says ‘I Love the Inflation’ as Approval Rating Sinks to Record Low
Summary
President Donald Trump said he “loves the inflation” amid rising prices in the U.S., linking it to actions against Iran in an Oval Office statement. A recent report showed inflation rose 4.2% over the past year, while a poll found Trump’s approval on inflation dropped to a record low.Key Facts
- Inflation in the U.S. rose by 0.5% in May and 4.2% over the last year, the fastest yearly increase since April 2023.
- President Trump said inflation is linked to the current conflict with Iran and related oil supply disruptions.
- He claimed military actions against Iran caused oil prices to rise to $85 per barrel but said prices would fall once the conflict ends.
- A White House spokesperson said other prices, such as prescription drugs and car insurance, have declined due to Trump’s policies.
- A poll showed 69% of Americans disapprove of Trump’s handling of inflation, while only 18% approve.
- Senate Minority Leader Chuck Schumer criticized Trump’s comments about liking inflation, emphasizing public disapproval.
- Inflation and the high cost of living remain important political issues ahead of the 2026 midterm elections.
- Trump has made fighting inflation a key part of his 2024 presidential campaign.
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