Video. President Donald Trump welcomed new inflation data showing prices rising 4.2%, saying the numbers were "great." He argued higher energy costs linked to the Iran conflict were temporary and claimed US forces were moving millions of barrels of oil through the Strait of Hormuz.

Consumer prices were up 4.2% last month compared to May 2025.

President Trump taunts Iran as "defeated" while a 40% gas price explosion drives May CPI to a 3-year high of 4.2%.

US President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his…

President Trump suggested that inflation would drop when the U.S. war against Iran ends, and said, "we've been taking out millions of barrels of oil."

President Donald Trump commented on the latest Consumer Price Index, noting inflation rose to 4.2% in May.

President Trump said the U.S. is seizing "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.

Oh, and also we've been secretly taking "millions of barrels of oil" from Iran, Trump said.

Video. President Donald Trump welcomed new inflation data showing prices rising 4.2%, saying the numbers were "great." He argued higher energy costs linked to the Iran conflict…

US President Donald Trump has brushed off concerns about consumer inflation surging to a fresh three-year high, on the back of soaring energy prices caused by his war in Iran.

Trump contends inflation will drop after Iran war ends, citing oil supply disruptions

US President Donald Trump expressed approval of rising inflation, attributing the 4.2% surge in May to Iranian oil sanctions and forecasting price stabilization post-conflict.

Trump, who was in part elected on his promises to tackle inflation, said he had been prepared for the war in Iran to hit stock markets and oil prices.

Republicans fear inflation backlash could hurt midterm election prospects

For consumers, the Middle East conflict's impact on the cost of everyday goods has made it harder to make ends meet.