Consumer prices increase in July amid tariff driven economic uncertainty | Inflation News

Prices on goods affected by tariffs saw the biggest surges while prices less contingent on foreign imports saw decreases.

Consumer prices in the United States held steady in July, as elevated inflation sweeps through the economy.

The consumer price index report (CPI) rose 2.7 percent over this time last year and follows a 2.7 percent increase in June, according to the Department of Labor report released on Tuesday. On a monthly basis, prices increased by 0.2 percent in July compared to 0.3…