Inflation picks up in June as Trump's tariffs start to impact prices
Headline from Delaware Public Media
President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
Delaware Public Media's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President
WASHINGTON >> Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration’s increasing import taxes passing through to consumers.
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story What to know about the latest inflation report Inflation moved up in June, due partially to businesses passing tariff costs onto consumers.
Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.
The Labor Department’s consumer price index for June showed overall inflation rose 2.7 percent from June 2024. That’s up from a 2.4 percent pace in May.
WASHINGTON — Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and la
Inflation rose by three tenths of a percentage point to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index. Forecasters had expected inflation to tick up to 2.6% in the consumer price index.
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as consumer prices rose.
Inflation rose by 2.7 percent in June, an uptick economists attribute to a delayed effect of the "reciprocal" tariffs President Trump announced months ago, despite them not yet being in effect.
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Inflation picks up in June as Trump's tariffs start to impact prices | Since Then
