Inflation picked up again
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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,
The U.S. Bureau of Labor Statistics announced Tuesday that consumer prices moved upwards in June, with the true impact of President Donald Trump's tariffs looming on the horizon.
Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles and clothing and footwear pushed the index higher, data showed on Tuesday.
Metro Phoenix continues to have the lowest inflation of any major U.S. city. The 0.2% climb in consumer prices here compares to 2.7% for the nation.
US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,
Economists and monetary policymakers have been trying to figure out exactly how much U.S. tariffs on goods will affect inflation. That's a task complicated by the evolving tariff situation, as President Trump sends letters to trading partners announcing tariff levels ranging from 20% to 50%.
Wall Street braces for June CPI data, as economists warn of hotter inflation driven by tariffs. A surprise print could jolt markets.
Consumer inflation had dipped to 2.82% in May. CPI data allows India room to ease rates at a time when Trump tariffs threaten growth. India's economy rose by a faster-than-expected 7.4% in the quarter ended March.