On June 10, 2026, President Donald Trump expressed his approval of inflation during a signing ceremony for the Secure America Act, stating, "I love it, the numbers were great. You know what I really love? I love the inflation." This statement came after the U.S. Consumer Price Index (CPI) reported a 4.2% increase in inflation. The Bureau of Labor Statistics noted that the CPI rose 0.5% in May, a slight decrease from April's 0.6% increase, with prices up 4.2% year-over-year before seasonal adjustment.
The rise in inflation has been attributed to increases in energy and food prices, particularly due to the ongoing conflict with Iran, which has placed additional financial pressure on American households. Trump also mentioned that the U.S. has been taking oil from Iran, stating that millions of barrels have been extracted without Iran's knowledge. He referenced his legislative efforts to address rising costs through the One Big Beautiful Act, although some congressional members have expressed concerns about the bill's effectiveness. Reports indicate that inflation has reached its highest level since 2023, with predictions that it may continue to rise.