CPI rose in Jun. to 2.7% annual rate, new data show
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Trump’s Tariffs Are Driving Up Inflation
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NEW YORK (Gray Media) - The Bureau of Labor Statistics released its monthly inflation data Tuesday, showing a 2.7 percent increase in June from a year ago. The numbers indicating the consumer price index may be starting to react to global trade uncertainty. These numbers were the highest we’ve seen since February and up from 2.4 percent in May.
8hon MSN
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 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.
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.
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.
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
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.