Tariffs bite: Inflation ticks up to 2.7% in June

Tariffs bite: Inflation ticks up to 2.7% in June

U.S. inflation surprised to the upside in June, reaching 2.7%, with core inflation holding firm at 2.9%. The unexpected rise highlights the inflationary impact of newly imposed tariffs — signaling more pricing pressure for consumers and more uncertainty for policymakers.

As businesses brace for further volatility, the question isn’t whether inflation is cooling — but whether it can be contained in a shifting trade environment.

Source: https://www.ft.com/content/65b1fb44-6391-4f74-82db-2d7eb6aaafa9