Inflation picks up again in June, rising at 2.7% annual rate
Abstract：The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.
Consumer prices rose in June as President Donald Trump's tariffs began to slowly work their way through the U.S. economy.
The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus.
Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, with the annual rate in line with estimates. The monthly level was slightly below the outlook for a 0.3% gain.
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