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Inflation Rose to 2.7% in June as Housing Costs Soared and Trump's Tariffs Kicked In
The prices for food at home rose 0.3 in June, while food away from home, meaning restaurants, ticked up 0.4% on a monthly basis. Notably, the Trump administration has recently imposed a 17% tariff on Mexican tomatoes. The energy index edged up 0.9% in June, as gasoline prices jumped 1% over the month but shed 7.9% for the year.
A new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US ...
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product ...
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
Current tariff collections equate to 0.1% monthly inflation, aligning with recent CPI data. See why I’m skeptical that ...
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a ...
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, ...
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting ...
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