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

CNBC · Jun 10, 2026, 4:58 PM · Also reported by 4 other sources

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  • 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.
  • But Trump also predicted that inflation is "going to come down like a rock" after the United States' war against Iran is over.

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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.

But Trump also predicted that inflation is "going to come down like a rock" after the United States' war against Iran is over. The president linked that prediction to a confusing statement about the U.S. "taking" oil and ships.

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