Trump: We have oil down to $2, $2.25, $2.15 in numerous states and one at $1.98 per gallon. That is one of the reasons inflation is in check pic.twitter.com/rKc8NWgu7q
— Acyn (@Acyn) July 16, 2025
The consumer price index, a key inflation barometer, rose 2.7% in the 12 months through June, up from 2.4% in May, the Bureau of Labor Statistics said Tuesday.Hence the increase in June over May.
Economists said they expect the full impact from the Trump administration’s tariff agenda to raise consumer prices more in the months ahead — but they said trade policies have already started to noticeably affect inflation.
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