Trump claims he ‘loves inflation’ as US prices surge to three‑year high

Inflation has become the centerpiece of former President Donald Trump’s latest media barrage, as he declared he ‘loves inflation’ while US consumer prices climb at their fastest pace in three years.

Trump’s paradoxical love of inflation amid rising prices

The Labor Department reported the Consumer Price Index surged ↑ 3.2% year‑over‑year in June, the sharpest gain since 2021, while core inflation slipped ↓ 0.5%.

“I love inflation because it shows the economy is moving,” Trump told reporters.

Analysts from Reuters and Bloomberg warn the rhetoric could fuel market volatility. The policy debate is further complicated by the lingering economic scars of the pandemic, which still shapes consumer confidence. Critics argue Trump’s flirtation with price pressure distracts from supply‑chain bottlenecks and geopolitical tension in the Middle East. The White House has yet to comment on the statement, leaving policymakers to grapple with a volatile inflation outlook.

Reported by Eleanor Cross (Chief Washington Correspondent).