The latest Consumer Price Index Report issued by the U.S. Bureau of Labor Statistics on June 10, 2026 revealed that inflation rose 4.2 percent over the last 12 months — a three year high driven mainly by spiking energy costs since Trump started his war on Iran in February. The report also said, “The index for energy rose 3.9 percent in May, after rising 3.8 percent in April and 10.9 percent in March.” Housing and food are also costing Americans significantly more, making life more difficult for tens of millions of Americans who are struggling to get by.
Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning? Could that be a…
Trump: No, no, I love it. The numbers were great. You know what I really love…I love the inflation. You know why? Because as soon as this war is over…
Convicted felon/sexual abuser/President Trump also claimed for the first time that the U.S. has been moving millions of barrels of oil through the Strait of Hormuz at night, without Iran knowing. The amount of oil Trump claims the U.S. has been moving at night, even if it is accurate, is equal only to the volume that would have passed through the strait in five days in normal times, according to The Guardian.
Trump added, “The numbers are going to be phenomenal because what’s showing is that despite the fact that we’re in a war, the numbers are much lower than anticipated, and when we’re out of that war, the numbers will be at lower numbers than they were even before it started.”
