WASHINGTON, D.C.—In a surprising turn of economic analysis, President Donald Trump declared his enduring affection for inflation Wednesday, calling the surging 4.2% rate “the hottest number in America since my inauguration crowd size.”

Standing behind a hastily redecorated ‘Inflation Appreciation Day’ banner in the East Room, Trump told reporters, “Everybody’s talking about inflation. Some people say it’s bad. I say, I love it. It’s tremendous. Everything costs more, which means everything is worth more. That’s called winning, folks.”

The recent closure of the Strait of Hormuz has driven up energy prices, causing everyday Americans to re-evaluate nonessential expenses such as food and rent. “I’m down to three meals a week and I only drive my car on odd-numbered days,” said suburban dad and frequent gas station visitor Walter Frumple. “I’ve never felt so American.”

White House economic advisor Nigel Pencroft attempted to reassure the public. “We’re simply realigning the dollar with its true value: nostalgia. Remember when your grandparents had to walk ten miles just to spend a nickel on bread? That’s the spirit we’re bringing back.”

Trump further defended the numbers, adding, “The Iran war is doing wonders for the economy. Just look at all the new jobs in coupon printing and wheelbarrow manufacturing. We’re making America inflate again!”

As the president unveiled limited-edition gold-plated ‘Inflation Champion’ hats, experts expect the new economic philosophy to peak just before the cost of the hats does.