Trump's unusual remark on inflation

U.S. President Donald Trump responded to rising prices in the United States by stating that he "loves inflation," after reports showed that the Consumer Price Index in May jumped by 4.2% over the past year. commenting on this, Trump described the issue of rising prices as a "hoax" by the Democrats, and praised the figures as the highest since April 2023. The Democrats quickly seized on the statement to cast doubt on his stance, considering that his comment reflects a dismissive attitude toward Americans' economic concerns ahead of the midterm elections. Trump claimed that the inflation increase is solely due to the Iranian war, which raised energy costs, and indicated that he believes a breakthrough is near thanks to a secret military operation that led to the transfer of large quantities of oil through the Strait of Hormuz.

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