General · 11 June 2026
‘I Love Inflation,’ Trump Says As Prices Rise
Gage Skidmore via Wikimedia Commons (CC BY-SA 4.0)
Higher costs for fuel, fertiliser and other goods are adding pressure on households, while concerns remain about borrowing costs and consumer spending. Speaking on Wednesday, Donald Trump reacted to data showing consumer inflation rose at its quickest rate in three years and said prices would drop once the conflict ends. Government figures showed inflation climbed by more than 4%, while tanker traffic through the Strait of Hormuz remains disrupted.
Reported by Reuters · How we write briefs