US Inflation Rises Due to Tariffs: Prices Up for Clothing, Coffee, and More
US inflation increased to 2.7% in June, driven by President Trump's tariffs. Prices surged for clothing, coffee, citrus fruits, toys, and appliances. Energy and housing costs also contributed to the rise. Consumers are starting to feel the impact of tariffs as some companies pass on the import taxes.
US inflation rose last month due to President Donald Trump's tariffs, leading to higher prices for various items. Consumer prices increased by 2.7% in the year to June, driven by rising energy and housing costs. The impact of tariffs was evident as some companies passed on the costs of new import taxes to consumers.
Specifically, coffee prices rose by 2.2%, citrus fruits by 2.3%, toys by 1.8%, appliances by 1.9%, and clothing by 0.4%. However, overall inflation remained moderate, offset by price declines in new and used cars, airfare, and hotel bookings. Analysts predict that tariff-induced inflation may escalate in the future.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
