💨 Abstract

US inflation in June hit a 4-month high, with consumer prices rising 0.3% and the annual rate reaching 2.7%, mainly due to increased prices, including those stemming from Trump's tariffs. This matched economists' expectations, driven by a rise in gas and other key prices. Without volatile gas and food, the core CPI increased 0.2% from May and 2.9% annually.

Courtesy: WTOP Staff