Trump Says ‘I Love the Inflation’ as Rate Spikes to 3-Year High

June 11, 2026
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After newly-released federal data showed inflation spiking to its highest level in three years, driven in large part by the soaring gas and oil prices related to the United States’ war with Iran, President Donald Trump reacted saying, “I love the inflation.” He later said that what he meant to say is that “despite the fact that we’re in a war, the numbers are much lower than anticipated.” NBC’s Garrett Haake reports for TODAY.



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