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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 number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
Inflation is moving higher and the impact of tariffs are only beginning to show up in government data, likely keeping ...
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product categories made up primarily of imports. But, they added, overall price ...
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Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade ...
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
A new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US ...
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