President Donald Trump said “I love inflation” after it rose to a three-year high earlier Wednesday amid the Iran war and surging gas prices—his latest dismissal of Americans’ economic concerns.

A new report on Wednesday showed inflation rising 4.2 percent in May, marking its highest level in three years and underlining how hard the Iran war is hitting consumers. The Labor Department report is unwelcome news for President Trump and the GOP in an election year where affordability is the dominant issue.