‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’

President Donald Trump praised the inflation report, stating he 'loves the inflation' and attributing rising costs to energy prices, which accounted for over 60% of the monthly increase. The U.S. inflation rate reached 4.2% in May, driven by energy costs, while the Federal Reserve faces pressure to address inflation above its 2% target amid ongoing conflicts in the region.