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Inflation picks up again in June, rising at 2.7% annual rate [Thanks, TACO man]
The tariffs are only starting to take effect and inflation is creeping back up again. If this continues, voters should be pissed and Trump and Republicans should lose in a landslide. No more interest rate cuts anymore either.
Inflation picks up again in June, rising at 2.7% annual rate
Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy.
The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus.
Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, also matching the respective estimates.
The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus.
Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, also matching the respective estimates.
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