Inflation picks up again in June, rising at 2.7% annual rate [View all]
Source: CNBC
Published Tue, Jul 15 2025 8:31 AM EDT Updated 11 Min Ago
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%, with the annual rate in line with estimates. The monthly level was slightly below the outlook for a 0.3% gain.
Prior to June, inflation had been on a generally downward slope for the year, with headline CPI at a 3% annual rate back in January and progressing gradually slower in the subsequent months despite fears that Trump’s trade war would drive prices higher.
Read more: https://www.cnbc.com/2025/07/15/cpi-inflation-report-june-2025.html
From the source -
Link to tweet
@BLS_gov
·
Follow
CPI for all items rises 0.3% in June; shelter up #BLSData #CPI https://bls.gov/news.release/archives/cpi_071502025.htm
8:30 AM · Jul 15, 2025
Article updated.
Previous articles -
Published Tue, Jul 15 2025 8:31 AM EDT Updated 11 Min Ago
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.
Prior to June, inflation had been on a generally downward slope for the year, with headline CPI at a 3% annual rate back in January and progressing gradually slower in the subsequent months despite fears that Trump's trade war would drive prices higher. While the evidence in June was mixed on how much influence tariffs had over prices, there were signs that the duties are having an impact.
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.
This is breaking news. Please refresh for updates.
Original article -
The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.
This is breaking news. Please refresh for updates.
= new reply since forum marked as read