A key US inflation gauge rose last month as Trump’s tariffs lifted goods prices

The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6% in June compared with a year ago, the Commerce Department said Thursday, up from an annual pace of 2.4% in May. Excluding the volatile food and energy […] The post A key US inflation gauge rose last month as Trump’s tariffs lifted goods prices appeared first on Unite News.

Jul 31, 2025 - 23:00
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A key US inflation gauge rose last month as Trump’s tariffs lifted goods prices

The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6% in June compared with a year ago, the Commerce Department said Thursday, up from an annual pace of 2.4% in May. Excluding the volatile food and energy […]

The post A key US inflation gauge rose last month as Trump’s tariffs lifted goods prices appeared first on Unite News.

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