#CPIWatch
Urgent: Release of inflation data in the United States.. and the markets react
Consumer prices in the United States rose in June, as the effects of the tariffs imposed by President Donald Trump began to gradually seep into the U.S. economy.
The inflation data for June came in largely in line with expectations, as price pressures continued to hold steady on a yearly basis, at a time when investors are awaiting signs that the tariffs imposed by President Donald Trump have started to gradually affect consumers. The latest data from the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose by 2.7% year-on-year in June, compared to 2.4% in May, a rise that is partially attributed to a reversal in the trend of gasoline prices that had previously been declining. Economists had expected overall inflation to reach 2.6%. On a monthly basis, prices rose by 0.3% compared to an increase of 0.1% in May, a result that matched economists' estimates