US inflation accelerates to three-year high as Trump comments
US consumer prices rose 4.2% in May, the fastest rate in three years, driven by energy costs linked to the US-Israel war in Iran. Former President Donald Trump commented, stating he "loves the inflation."
United States consumer prices increased by 4.2% in May compared to the previous year, marking the quickest rise in three years. This acceleration, up from 3.8% in April, was primarily driven by escalating energy costs. The Bureau of Labor Statistics (BLS) figures indicate that the increase follows the US-Israel war in Iran, which impacted energy markets. Former President Donald Trump reportedly stated he "loves the inflation" in response to the economic data. This surge represents the fastest rate of price increases since May 2021.
Sources: BBC News