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Trump Says He 'Loves' Inflation; Oil Prices to Ebb After Iran War Ends
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US President Donald Trump appeared to welcome inflation exceeding 4%, saying he "loves" inflation, and reiterated his belief that oil prices will return to previous levels once the Iran war ends.

Trump said the Iran war is a war taken through a detour and described it as a national security issue, as Iran has shut down key shipping routes, shoring up prices of gasoline, fertilizers and other commodities, thereby intensifying inflation.

Related NewsCore Inflation Rate MoM for May in the United States is 0.2%, lower than the previous value of 0.4%. The forecast was 0.3%.

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