US President Donald Trump sparked controversy after saying 'I love inflation' in response to the latest CPI report, which showed a 4.2% annual increase in May.
Trump claimed that the inflation would decrease after the war with Iran is over, citing the removal of 'millions of barrels of oil' from Iran and Venezuela.
However, his remarks led to an online trend with the caption '#CantAffordTrump', as many people felt that his statement downplayed the struggles of families who are struggling to afford groceries and rent.
The Consumer Price Index report showed a 0.5% increase in prices over the course of the month, with overall prices jumping 4.2% from a year earlier.
The US is currently in a stalemate in negotiations to end the war with Iran, adding to the price pressures confronting consumers.
