"Inflation accelerated in June with annual rates rising to 2.7%, driven by Trump's tariffs affecting consumer prices across various sectors."
"The average tariff rate on Americans hit 18.7% in June, the highest since 1933, impacting prices on an array of imported goods."
Inflation in the US rose to 2.7% in June, up from 2.4% in May, largely due to the effects of tariffs imposed by Donald Trump. Business leaders noted that these tariffs would lead to increased consumer prices. Core CPI also saw a slight increase, reaching 2.9%. Prices for appliances, furniture, and toys rose, and food prices increased, with beef seeing a notable jump. The current average tariff rate is 18.7%, the highest since 1933, which includes substantial tariffs on goods from China and other countries.
Read at www.theguardian.com
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