US inflation climbed to its highest level in three years in May, with consumer prices rising 4.2% compared to a year earlier. The increase was largely linked to higher energy costs amid ongoing tensions involving Iran. President Donald Trump drew attention after saying he “loves the inflation,” though he later clarified that he was referring to inflation being lower than expected despite the conflict. Trump expressed confidence that prices, particularly fuel costs, would decline once the situation stabilizes. The latest figures have renewed debate over the economy, inflation, and the potential impact on future interest rate decisions.
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