Inflation Rises Sharply in June as Tariff Costs Hit Consumers

Consumer prices in the United States rose more than expected in June, pushing the annual inflation rate to its highest level in four months. Economists largely attribute the increase to the latest round of import tariffs, which have driven up the cost of many everyday goods.

According to the Consumer Price Index (CPI), prices for everyday goods and services were 2.7% higher in June than a year ago.  Core inflation is up 2.9%, the highest since December.

Many of the sharpest price increases were seen in appliances, furniture, and clothing, items directly affected by the Trump administration’s trade policies. With gas and groceries also on the rise, many households are feeling a growing strain on their budgets.

Economists warn that the pressure on consumers may continue. The White House announced plans to impose additional tariffs, including on goods from the European Union and other U.S. allies, starting August 1. If implemented, these new tariffs could push prices even higher and exacerbate the impact on American families.

Although the administration has presented tariffs as a way to support U.S. industries, many economists caution that the added costs are often passed along to consumers, leading to broader inflationary effects.