Trump's tariffs are starting to hit consumers' wallets: Inflation climbs to 2.7% in June
Briefly

In June, inflation in the U.S. hit 2.7%, while core inflation reached 2.9%. This data reflects the impact of Trump's trade policies. Analysts had forecasted an increase of 0.3% from May's inflation of 2.4%. It was believed that companies had delayed passing costs to consumers due to stockpiled inventory. The recent job data and Trump's renewed tariffs suggest more price increases on sensitive goods like furniture and specific industries due to the tariffs imposed.
In June, the Consumer Price Index rose to 2.7% year-over-year, with core inflation reaching 2.9%, highlighting the impact of Donald Trump's trade policies on consumer prices.
Analysts predicted a notable 0.3% increase in inflation from May's 2.4%, marking June as a crucial moment for understanding the tariffs' effects on the economy.
Tariffs are now showing their effects as companies begin transferring higher costs to consumers after stockpiling inventory that delayed the inflation impact.
Strong job data for June coincides with renewed tariffs from Trump, including a 10% tariff and sector-specific tariffs on steel, aluminum, and autos impacting prices.
Read at english.elpais.com
[
|
]