'I love inflation!': Trump unbothered by 4.2% spike even as costs skyrocket. Shield your portfolio before it's too late

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President Donald Trump recently raised eyebrows after declaring, “I love the inflation” while discussing the latest inflation report (1) and the ongoing conflict involving Iran.

Speaking to reporters, Trump suggested inflation would fall sharply once the conflict ends, arguing that U.S. actions have helped prevent a much larger spike in oil prices. He claimed the U.S. has been quietly removing millions of barrels of oil from the market and predicted inflation would “come down like a rock” when the war is over.

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Whether that prediction proves accurate is still unclear. Even though inflation has cooled dramatically from its June 2022 peak of 9.1% (2), prices haven’t returned to where they were before the pandemic. Since January 2020, consumer prices have risen by roughly 29%, according to Bureau of Labor Statistics data (3) — meaning Americans are on the hook to pay substantially more for many everyday necessities.

At 4.2% inflation (4) year over year, prices double roughly every 17 years.