Inflation, tariffs
Digest more
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams said Wednesday.
The pause on many tariffs was supposed to end this week, but it didn't. Despite that, reports still indicate that tariffs have caused a notable recent spike in inflation.
US wholesale inflation was muted in June, signaling that price pressures might not be building for producers and manufacturers.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
The Bureau of Labor Statistics reports a 0.3% increase in the consumer price index last month, raising the annual inflation rate to 2.7%.
Consumer prices rose faster than​ in May, a potential sign that companies are starting to pass tariff costs on to consumers.
U.S. inflation reached its highest level since February in June, with consumer prices rising 2.7% from a year earlier, in part because of new tariffs imposed by the Trump administration.
Inflation rose by 0.3% month over month in June and 2.7% year over year, higher than last month's figure. Editor-in-Chief Caleb Silver breaks down the inflation data for the month of June 2025.
Feedback