US inflation from tariffs that economists feared begins to emerge | Inflation News

United States inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

Consumer prices rose 2.7 percent in June from a year earlier, the Labor Department said on Tuesday, up from an annual increase of 2.4 percent in May. On a monthly basis, prices climbed 0.3 percent from May to June, after rising just 0.1 percent the previous month.

Worsening…

Continue Reading


News Source: www.aljazeera.com

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *