BREAKING: June Inflation Rises Sharply as Tariffs Begin to Bite

Inflation in the U.S. rose more than expected in June, with the Consumer Price Index increasing 0.3% from May and 2.7% year-over-year, according to the Bureau of Labor Statistics. This marks the largest monthly increase since January and reflects the growing impact of import tariffs on consumer goods.

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Prices for appliances, clothing, and groceries saw notable increases, with analysts pointing to recent tariffs as a key factor. Clothing costs jumped nearly 1%, while appliances rose around 2%, likely reflecting supply chain pressure from higher import duties.

Core inflation, which excludes food and energy, rose 0.2% on the month and 2.9% annually.

According to Bloomberg, economists say this is the first clear sign that tariffs are feeding through to consumer prices, though they emphasize that the overall effect remains limited.

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