
US inflation heats up to 2.7% — a possible sign that Trump tariffs have begun to sting
The Consumer Price Index rose 2.7% in June from the year before, matching economists' expectations but coming in above the previous month's 2.4% reading, the Bureau of Labor Statistics said Tuesday.
US inflation rose in line with forecasts in June.
Stephen Yang
Core CPI, which excludes volatile food and energy prices, gained 2.9% from a year earlier, above the previous month.
On a month-to-month basis, headline inflation rose 0.3%, in line with forecasts but above the previous month's 0.1% jump.
The indexes for used cars and trucks and new vehicles were among those that saw the most substantial declines in June, according to the Bureau of Labor Statistics.
That came as a surprise for economists, who were calling for upticks in auto and apparel prices — two of the sectors that are hardest hit by tariffs.
This story is developing. Please refresh for updates.

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Associated Press
18 minutes ago
- Associated Press
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Miami Herald
19 minutes ago
- Miami Herald
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New York Times
23 minutes ago
- New York Times
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