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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.
Inflation and tariffs continue to affect the US economy, with prices still increasing despite a reduction in the rate of ...
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product ...
Key Takeaways The Michigan Consumer Sentiment survey increased to 61.8 in the preliminary July results, its highest level ...
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
Financial news has been breaking fast and furious, thanks to President Trump. Over the past week, he has: Escalated threats ...
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are ...
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, ...
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