Controversy Erupts Over Trump’s Remarks

Rising tensions in West Asia have triggered global inflation concerns, with the impact already visible in several countries, including India. Surging oil prices have pushed inflation higher, with the United States reporting May inflation at a three-year high. Reacting to the data, US President Donald Trump downplayed concerns, stating that the numbers were “good” and even remarked that he “likes inflation,” drawing widespread criticism.

The US Consumer Price Index rose to 4.2 percent, the highest since April 2023. Trump’s comments sparked sharp reactions from the Democratic Party, which accused him of ignoring the financial struggles of Americans. Meanwhile, global oil prices surged due to disruptions in the Strait of Hormuz and renewed US strikes on Iran, with Brent crude rising 2.47 percent to $95.40 per barrel, increasing the burden on consumers worldwide.