Before the conflict began, inflation was at 2. 4%, but the closure of the strait of Hormuz has affected energy prices Donald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4. 2% in May, the third consecutive monthly increase since the start of t...
Source: [Guardian World](https://www.theguardian.com/business/2026/jun/10/inflation-report-rate)