Trump says 'I love the inflation' after consumer price index hits 3-year high [View all]
Last edited Wed Jun 10, 2026, 01:05 PM - Edit history (1)
Source: CNBC
Published Wed, Jun 10 2026 12:25 PM EDT Updated 11 Min Ago
President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.
“No, I love it, the numbers were great,” Trump said in the Oval Office, where a reporter asked him about the CPI number issued earlier in the morning. “You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now ... you know we’ve been taking out millions of barrels of oil.”
“Nobody knows it. You know who doesn’t know about it? Iran, until right now,” Trump said.
“We took out the other night, 22 ships, late at night, with no lights, because they don’t have any radar, because we blasted the crap out of it,” the president said. “That’s why oil is at $85 a barrel.”
Read more: https://www.cnbc.com/2026/06/10/trump-inflation-cpi-iran-oil.html
The current spot WTI is ~$91/bbl and the lowest for the day range of WTI was $87/bbl. Last time it was near $85/bbl was back in April.
Article updated.
Original article -
President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.
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