President Trump questioned a reporter regarding the inflationary effects of his policies following the Bureau of Labor Statistics' CPI report. The report indicated a 2.7 percent increase in CPI, attributed partially to Trump's tariffs. Factors such as housing prices and volatile food and energy prices notably contributed to this rise. Tariff-sensitive products like apparel and furnishings saw significant gains. Despite the inflation data, Trump maintained that there has been little inflation, emphasizing perceived financial success under his administration.
The Consumer Price Index increased at an annual rate of 2.7 percent, after rising 2.4 percent in May, as the impact of taxes on imports started to become visible at checkout.
Tariff-sensitive products like apparel and household furnishings also reported sizable gains, contributing heavily to the uptick in inflation.
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