{"id":1596,"date":"2026-06-10T20:43:27","date_gmt":"2026-06-10T20:43:27","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1596"},"modified":"2026-06-10T20:43:27","modified_gmt":"2026-06-10T20:43:27","slug":"i-love-the-inflation-trump-says-as-prices-rise-amid-iran-war","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1596","title":{"rendered":"&#8216;I love the inflation,&#8217; Trump says as prices rise amid Iran war"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><\/ul><\/div><div><\/div><\/div><div>WASHINGTON, June 10 (Reuters) &#8211; President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than \u200c4%, telling reporters that he &#8220;loved&#8221; inflation and reiterating his belief that prices will fall as soon as the Iran war ends.<\/div><div>Asked about U.S. government data showing consumer inflation increased at its fastest pace in three years in May, and whether it could hobble his \u200bfellow Republicans just months ahead of November&#8217;s midterm election, Trump said: &#8220;I love the inflation.&#8221;<\/div><div>The president then explained \u200bhow he greenlit a plan to secretly move oil tankers through the Strait of Hormuz over \u2060concerns of higher costs and increasing inflation. &#8220;It was worth it to me,&#8221; Trump said about his calculus and calling \u200bthe operation a success.<\/div><div>&#8220;When it&#8217;s over, you will see oil drop to where it was before,&#8221; Trump said of \u200bthe larger war. &#8220;It&#8217;s coming down. It&#8217;s going to come down like a rock.&#8221;<\/div><div>Trump has called the war on Iran a detour and framed it as a national security issue as Tehran&#8217;s closure of the key shipping route has pushed up the cost of gasoline, fertilizer \u200band other goods, contributing to inflation.<\/div><div>Higher prices could also keep the U.S. Federal Reserve from cutting interest rates, which \u200bcould lower borrowing costs, which Trump has called for since returning to power last year.<\/div><div>Republicans are seeking to maintain control of \u200cthe U.S. \u2060House of Representatives and the Senate but are concerned a consumer backlash could hand the reins to Democrats as the cost of living remains a top issue for voters.<\/div><div>Trump himself won the 2024 presidential election in large part because of his promise to lower inflation, but has since seen his approval rating, including on his handling of the cost of living, \u200bfall to the lowest level \u200bof his political career.<\/div><div>Efforts to \u2060reopen the Strait of Hormuz to tanker traffic to move goods have so far stalled, with industry executives and analysts warning that coming weeks could see another oil price shock \u200bsevere enough to shake the broader financial markets.<\/div><div>Even if Trump and Tehran reach a \u200bdeal soon, \u2060it is expected to take months to get supplies moving, with the disruptions expected through 2026. And while Americans may be more insulated from fuel shocks than other nations, ongoing higher energy prices could dent consumer spending over time.<\/div><div>Last month, Trump said \u2060Americans&#8217; financial \u200bstruggles were not a factor as he pushes for a deal \u200beven while threatening renewed attacks on Iran: &#8220;I don\u2019t think about Americans\u2019 financial situation. I don\u2019t think about anybody. I think about one thing: We \u200bcannot let Iran have a nuclear weapon.&#8221;<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Bo Erickson\" class=\"wp-image-290\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/05\/5ec53fae1cf8bb8c91c1078a07e523fb.avif\"\/><\/figure>\n<\/noscript><\/div><div>Bo Erickson<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Instagram<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1594\">Albania protests swell as opposition to Kushner resort persists<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1592\">Exclusive: Nick Bilton has hired consultant to help revamp \u201960 Minutes,\u2019 sources say<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=1589\">Oil prices jump after Trump threatens to hit Iran \u2018very hard\u2019<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than \u200c4%, telling reporters that he &#8220;loved&#8221; inflation and reiterating his belief that prices will fall as soon as the Iran war ends.<\/p>\n","protected":false},"author":1,"featured_media":1595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[56,10],"class_list":["post-1596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-worker-rights","tag-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&#039;I love the inflation,&#039; Trump says as prices rise amid Iran war - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=1596\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;I love the inflation,&#039; 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