Trump says 'I love the inflation' after consumer price index hits 3-year high

[BumRushDaShow]

Last edited Wed Jun 10, 2026, 01:05 PM - Edit history (1)

Source: CNBC

Published Wed, Jun 10 2026 12:25 PM EDT Updated 11 Min Ago


President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.

“No, I love it, the numbers were great,” Trump said in the Oval Office, where a reporter asked him about the CPI number issued earlier in the morning. “You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now ... you know we’ve been taking out millions of barrels of oil.”

“Nobody knows it. You know who doesn’t know about it? Iran, until right now,” Trump said.

“We took out the other night, 22 ships, late at night, with no lights, because they don’t have any radar, because we blasted the crap out of it,” the president said. “That’s why oil is at $85 a barrel.”

Read more: https://www.cnbc.com/2026/06/10/trump-inflation-cpi-iran-oil.html

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“That’s why oil is at $85 a barrel.”

The current spot WTI is ~$91/bbl and the lowest for the day range of WTI was $87/bbl. Last time it was near $85/bbl was back in April.


Article updated.

Original article -

Published Wed, Jun 10 2026 12:25 PM EDT Updated 3 Min Ago


President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.


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[ck4829]

1. Hey, I'm all for him calling it the Trump Inflation.

[Wicked Blue]

2. Maybe he meant that he loves flatulation

[ck4829]

25. Haha

[UpInArms]

3. Inflated like his ego

What a dolt

[Ray Bruns]

4. I'm waiting for the oil reserves to run dry. I think that's what the Iranians are waiting for to.

[orangecrush]

27. I think you're right

[Quanto Magnus]

5. So now all of the cultists

will start declaring that inflation is great for the economy....

[LisaL]

9. And they are really happy with all the prices going up.

NT

[sinkingfeeling]

6. So, he admits he started a war to steal oil.

[GenThePerservering]

7. How is the M$M going to sanewash that?

he made no sense at all.

[Bengus81]

16. I'll bet Bari Weiss is working on that right now.

If she doesn't get the BS story she wants kissing Trumps ass then someone else will go out the door.

[relogic]

8. Spoken truly

with the detachment of a cruel, affluent orange sponge (off the good people) whose incapability to commiserate with the population he rules is notorious. It speaks to the horror seeing this beast excitedly relish the war violence he inflicts on the whole world.

[SCantiGOP]

10. So if you love inflation

and racism, and endless war, and erosion of all civil liberties and general incompetence and turmoil, Trump is the leader you’ve been waiting for.

[D_Master81]

11. How does the President talk like this?

Loving inflation aside, which will help to write commercials this fall, how is the POTUS saying things like “we bombed the crap outta them”? I would expect a student council president to have better vocabulary let alone the president

[RazorbackExpat]

12. GW was pretty juvenile with his vocavulary as well

He had middle school nicknames for everyone, it seemed, including Vladimir Putin, whom he affectionately called "Pooty Poot"

[City Lights]

13. The ads for November write themselves.

Just runs clips of him talking.

[LetMyPeopleVote]

14. MaddowBlog-Trump professes his 'love' of inflation as consumer costs reach a 3-year high

Inflation continues to grow faster than wages, which necessarily exacerbates the affordability crisis for American consumers.

U.S. inflation surged again in May, pushed higher by the effects of the war in Iran - MS NOW apple.news/AteXedGBsQhi...

— Ms. Kevin (@kkalmes31.bsky.social) 2026-06-10T13:04:18.267Z

https://www.ms.now/rachel-maddow-show/maddowblog/u-s-inflation-surge-may-2026-war-iran

For months, Donald Trump and White House officials had a habit of insisting that the president had delivered an economy with “no inflation.” The public has heard a lot less such talk lately, and there’s no great mystery as to why. CNBC reported:

The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus.

Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% level from April.

Asked for his reaction to the developments, Trump said the latest inflation data was “great,” adding, “I love the inflation.” (He went on to claim that his love for inflation is based on a secret program that takes Iranian oil. It’s unclear whether that program exists in reality.)

Q: Are you concerned about the latest inflation numbers that came out this morning?

TRUMP: No, I love it. I love the inflation. You know why? Because as soon as this war is over -- do you know we've been taking out millions of barrels of oil? You know who doesn't know? Iran until right now.

— Aaron Rupar (@atrupar.com) 2026-06-10T16:08:03.927Z

As for what’s driving the discouraging data, it is — to the surprise of no one — energy costs that are pushing prices higher, which is the direct result of the war with Iran.

Perhaps most importantly, NBC News’ report emphasized that inflation’s rise “has surpassed wage growth,” which necessarily exacerbates the affordability crisis gripping American consumers......

And no one is buying it. The latest national CNN poll found that 77% of respondents, including a majority of Republican voters, agreed that Trump’s policies have increased the cost of living. The same poll found that just 30% of Americans approve of the president’s handling of the economy, a career low for the Republican across both terms. That mirrored the results of the latest national Associated Press poll.

[Karasu]

15. Of course he would be stupid enough to actually fucking say it out loud.

[twodogsbarking]

17. Wait until next month, you will be ecstatic, mud-faced one.

[Yo_Mama_Been_Loggin]

18. The joys of senility

[NickB79]

19. 20 million barrels per DAY normally transit the Strait

Over the 100 days this clusterfuck has gone on, that's 2 billion barrels restrained.

A few million barrels is a rounding error compared to what's been curtailed.

[Maru Kitteh]

20. Donald John Trump is the best campaigner Democrats have in this race so far. nt

[dalton99a]

21. Yep.

[raccoon]

22. Maybe he says it just to be a dipshit/get attention.

[Ruby the Liberal]

23. PT Barnum's Arsonist

[IronLionZion]

24. Wealthy people love inflation and benefit from it

they get more revenue, higher returns on their investments, higher stock prices, higher valuation of assets like real estate, etc. but proportionally lower increases in their costs. So their wealth increases during inflation.

One might wonder if they are conspiring to keep inflation high.

[ck4829]

26. This inflation is almost as bad as the job market