consumer price index, Trump and Inflation
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The latest federal data show the CPI increasing 2.7% over the previous 12 months, outpacing the 2.4% May figure and raising questions around the impact of trade uncertainty.
The consumer price index rose 2.7% on an annual basis in June 2025, up from 2.4% in May, according to the Bureau of Labor Statistics. However, the full impact of President Donald Trump's tariffs is still to come, according to economists.
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Cryptopolitan on MSNUS inflation rises for first time in 5 months as tariff costs ripple through economyUS core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs.
U.S. producer prices remained unchanged in June, influenced by tariff-driven shifts. While goods costs rose, service prices softened, offering hope against widespread inflation. The Federal Reserve might keep interest rates steady amid these dynamics,
USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.
Gold prices increased in the domestic futures market on July 16, influenced by positive global trends and a weaker US dollar. Silver also gained due to strong demand in the spot market.