Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting interest rates soon, but there only scattered signs of tariff-related inflation.

The CPI rose 0.3% month-over-month in June, accelerating from May’s 0.1% pace. Year-over-year inflation also jumped to 2.7%, up from 2.4% in May. Core CPI, which excludes food and energy, rose 0.2% in June and came in at 2.9% annually — signs that underlying inflationary pressure remains sticky.

By Howard Schneider WASHINGTON (Reuters) -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.

US inflation surged in June, as higher prices — including those from tariffs — are packing a bigger punch. Consumer prices rose 0.3% last month, pushing the annual inflation rate higher to 2.7%, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.

The consumer price index rose 2.7% on an annual basis in June 2025, up from 2.4% in May, according to the Bureau of Labor Statistics. However, the full impact of President Donald Trump's tariffs is still to come, according to economists.

Even with only limited signs of increasing effects from tariffs, inflation is once again accelerating in America. The total measure of inflation in June was right in line with expectations on Tuesday,

Electricity costs rose 1.0% in June and 5.8% over the past year Nonalcoholic beverages jumped 1.4% in June, with coffee prices up 2.2% Hous

Ministry of Statistics & Programme Implementation announced today that year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of June, 2025 over June, 2024 is 2.10% (Provisional).