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US inflation rises as tariffs push up prices | BBC News
US inflation jumped last month as President Donald Trump's tariffs took hold, pushing up prices for items from clothing to coffee.
Consumer prices rose 2.7% in the year to June, up from 2.4% the previous month, with prices rising at the fastest pace since February, the Labor Department said.
But the data also suggested that consumers are starting to feel the impact of tariffs, as some firms begin to pass along the costs of Trump's new taxes on imports.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#USEconomy #TrumpTariffs #BBCNews
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By BBC NewsUS inflation jumped last month as President Donald Trump's tariffs took hold, pushing up prices for items from clothing to coffee.
Consumer prices rose 2.7% in the year to June, up from 2.4% the previous month, with prices rising at the fastest pace since February, the Labor Department said.
But the data also suggested that consumers are starting to feel the impact of tariffs, as some firms begin to pass along the costs of Trump's new taxes on imports.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#USEconomy #TrumpTariffs #BBCNews