US EditionU.S. inflation accelerated last month to 2.7%, highest level since February
UNITED STATES, JUL 15 – Inflation rose to 2.7% driven by tariff-related cost increases and higher prices for shelter, food, and energy, marking the largest monthly CPI rise since January, officials said.
- The U.S. Consumer Price Index rose 0.3% in June, reaching a 2.7% annual increase, marking its highest level since February.
- This rise followed a period of relatively tame inflation readings, shifting amid higher prices partly linked to President Trump's sweeping tariffs on imports.
- The tariff structure includes a 10% duty on all imports, a 50% charge on steel and aluminum products, 30% tariffs targeting Chinese goods, and a 25% tax on vehicles brought in from abroad, leading companies such as Mitsubishi and Walmart to increase their prices.
- Core CPI inflation increased 2.9% over the year through June, with Goldman Sachs forecasting monthly core inflation rises of 0.3% to 0.4%, driven by tariff-related costs in electronics and autos.
- This inflation uptick likely reduces the chances of a Federal Reserve rate cut soon and keeps interest rates near the current 4.3%, as Fed officials monitor tariff impacts on prices.
165 Articles
165 Articles
Economy surges six months into Trump term despite gloomy predictions AlphaNews.org
Share This Story(Daily Caller News Foundation) — Some recently released data has spelled good news for parts of the American economy thus far in President Donald Trump’s second term. Many economists predicted that Trump’s sweeping tariffs could have various negative impacts on the U.S. economy this year, such as contributing to higher inflation rates. Despite this, some recent economic data has indicated that several areas of the domestic econom…
The first indicators that account for the bad policies taken by the United States are just beginning to feel, inflation has begun to accelerate, which will have negative effects on American households. The consumer price index rose 2.7 percent on an annual basis in June. The June data are beginning to reflect this process and the expectation is that these pressures will intensify in the coming months, the expectation is that this upward trend ca…
In the US, prices rose by 2.7 percent in June compared to a year earlier, as expected, according to official data released on Tuesday.
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