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US inflation rises as Trump’s tariffs lift prices

Washington | Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs pushed up the cost of a range of goods from furniture, clothing to large appliances

Consumer prices rose 2.7 per cent in June from a year earlier, the US Labour Department said on Tuesday, up from an annual increase of 2.4 per cent in May. On a monthly basis, prices climbed 0.3 per cent from May to June, after rising just 0.1 per cent the previous month.

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    Original URL: https://www.afr.com/world/north-america/us-inflation-rises-to-highest-level-since-february-20250715-p5mf82