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%.