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US Consumer Inflation Accelerates As Tariff Scrutiny Grows

Consumer
International Business Times Fews App News Provider
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The US consumer price index was up 2. 7 percent from a year ago in June, accelerating from the figure in May, government data showed AFP US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy. Observers are expecting to learn more about the effects of Trump's duties over the summer months, meaning June's data marks the start in a series of closely-watched figures -- particularly as officials mull changes to interest rates as well.

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