US inflation accelerated in June as Trump’s tariffs start to bite...

[posty 2,846]

https://wtop.com/business-finance/2025/07/u-s-inflation-may-have-worsened-last-month-as-trumps-tariffs-start-to-bite/

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs. The sharp inflation spike of 2022-2023 was the worst in four decades and soured most Americans on former president Joe Biden’s handling of the economy. Higher inflation will also likely heighten the Federal Reserve’s reluctance to cut its short-term interest rate, as Trump is loudly demanding.

Trump has often insisted in comments on social media that there is “no inflation” and that as a result, the central bank should swiftly reduce its key interest rate from its current level of 4.3% to around 3%.

Excluding the volatile food and energy categories, core inflation increased 2.9% in June from a year earlier, up from 2.8% in May. On a monthly basis, it picked up 0.2% from May to June. Economists closely watch core prices because they typically provide a better sense of where inflation is headed.

The uptick in inflation was driven by a range of higher prices. The cost of gas rose 1% just from May to June, while grocery prices increased 0.35. Appliance prices jumped for the third straight month.

Trump has imposed sweeping duties of 10% on all imports, plus 50% levies on steel and aluminum, 30% on goods from China, and 25% on imported cars. Just last week the president threatened to hit the European Union with a new 30% tariff starting Aug. 1.

The acceleration in inflation could provide a respite of sorts for Federal Reserve Chair Jerome Powell, who has come under increasingly heavy fire from the White House for not cutting the benchmark interest rate.

Powell and other Fed officials have emphasized that they want to see how the economy evolves as the tariffs take effect before cutting their key short-term rate. The Fed chair has said that the duties could both push up prices and slow the economy, a tricky combination for the central bank since higher costs would typically lead the Fed to hike rates while a weaker economy often spurs it to reduce them.

Trump on Monday said that Powell has been “terrible” and “doesn’t know what the hell he’s doing.” The president added that the economy was doing well despite Powell’s refusal to reduce rates, but it would be “nice” if there were rate cuts “because people would be able to buy housing a lot easier.”

Last week, White House officials also attacked Powell for cost overruns on the years-long renovation of two Fed buildings, which are now slated to cost $2.5 billion, roughly one-third more than originally budgeted. While Trump legally can’t fire Powell just because he disagrees with his interest rate decisions, the Supreme Court has signaled, he may be able to do so “for cause,” such as misconduct or mismanagement.

Some companies have said they have or plan to raise prices as a result of the tariffs, including Walmart, the world’s largest retailer. Automaker Mitsubishi said last month that it was lifting prices by an average of 2.1% in response to the duties, and Nike has said it would implement “surgical” price hikes to offset tariff costs.

But many companies have been able to postpone or avoid price increases, after building up their stockpiles of goods this spring to get ahead of the duties. Other companies may have refrained from lifting prices while they wait to see whether the U.S. is able to reach trade deals with other countries that lower the duties.

[Ron_Artest 2,400]

I was told trump fixed inflation and tariffs were awesome.

[RLLD 4,281]

The timing is what I predicted, though increase is lower that I would have anticipated given the job market. 

I am absolutely entertained by liberals sudden awareness.....sensitivity.....to inflation.....after ignoring actual harmful inflation under Biden; rather telling

https://www.instagram.com/p/DE3YyV2Sdgz/

[Tree of Knowledge 2,228]

Fake news.  This will be corrected in a few days to say inflation is down just like every other “bad” Trump story.  

[TimHauck 3,388]

15 minutes ago, RLLD said:

The timing is what I predicted, though increase is lower that I would have anticipated given the job market. 

I am absolutely entertained by liberals sudden awareness.....sensitivity.....to inflation.....after ignoring actual harmful inflation under Biden; rather telling

https://www.instagram.com/p/DE3YyV2Sdgz/

@RLLD confirms current economy is still the worst of the lower classes’ lifetime 

[seafoam1 3,496]

10 minutes ago, TimHauck said:

@RLLD confirms current economy is still the worst of the lower classes’ lifetime 

Lower classes make their own economy worse. They vote liberal. 

[RLLD 4,281]

2 minutes ago, TimHauck said:

@RLLD confirms current economy is still the worst of the lower classes’ lifetime 

Another lie from the cowardly liar.   We would have to see Biden-era inflation for that to be true, while Trump is still unwinding all that damage, people are no longer living in the worst economic time of their lives, as was true for the lower classes during the Biden admin.

Not that you or any of the other liberal apologists here given an actual fock about anything other than political power......so sure....mock the damage that was done, all you want.  But please be loud and proud about it.   I want voters to know this is how you think...

Oh wait....I am saying something that Fox might also say at some point...I guess someone will pretend I copied them when its just simple common sense...

[Ron_Artest 2,400]

Market doesn't like trumpflation.

[The Real timschochet 7,526]

9 minutes ago, RLLD said:

Another lie from the cowardly liar.   We would have to see Biden-era inflation for that to be true, while Trump is still unwinding all that damage, people are no longer living in the worst economic time of their lives, as was true for the lower classes during the Biden admin.

Not that you or any of the other liberal apologists here given an actual fock about anything other than political power......so sure....mock the damage that was done, all you want.  But please be loud and proud about it.   I want voters to know this is how you think...

Oh wait....I am saying something that Fox might also say at some point...I guess someone will pretend I copied them when its just simple common sense...

I don’t think you’re a liar but I do think you’re blind. You’re not seeing that there is a DIRECT consequence between Trump’s tarrifs and the current rate of inflation, and that it’s only going to get worse (FAR worse) and this has nothing to do with Biden. 

[TimHauck 3,388]

13 minutes ago, RLLD said:

Another lie from the cowardly liar.   We would have to see Biden-era inflation for that to be true, while Trump is still unwinding all that damage, people are no longer living in the worst economic time of their lives, as was true for the lower classes during the Biden admin.

Not that you or any of the other liberal apologists here given an actual fock about anything other than political power......so sure....mock the damage that was done, all you want.  But please be loud and proud about it.   I want voters to know this is how you think...

Oh wait....I am saying something that Fox might also say at some point...I guess someone will pretend I copied them when its just simple common sense...

Prices are still going up.  They would need to come down for it to not be “the worst” anymore.  It’s not worse than during Biden (yet, hopefully it stays that way), but it’s not any better.

[seafoam1 3,496]

1 minute ago, TimHauck said:

Prices are still going up.  They would need to come down for it to not be “the worst” anymore.  It’s not worse than during Biden (yet, hopefully it stays that way), but it’s not any better.

 Near me it's now $3.02. 

US Retail Gas Price is at a current level of 3.251, down from 3.288 last week and down from 3.595 one year ago.

 

[TimHauck 3,388]

8 minutes ago, seafoam1 said:

 Near me it's now $3.02. 

US Retail Gas Price is at a current level of 3.251, down from 3.288 last week and down from 3.595 one year ago.

 

Cool, do you eat gas? Maybe that would explain some things 

[seafoam1 3,496]

9 minutes ago, TimHauck said:

Cool, do you eat gas? Maybe that would explain some things 

I eat eggs. The prices were in the $7 range while biden was in office. I'm getting them for like $3 now. 

And I do all the grocery shopping daily. 

Or do you just want to pick and choose things that go up and down through time because of various reasons to conjure up some ignorant point in trying for a gotcha? 

[TimHauck 3,388]

19 minutes ago, seafoam1 said:

I eat eggs. The prices were in the $7 range while biden was in office. I'm getting them for like $3 now. 

And I do all the grocery shopping daily. 

Or do you just want to pick and choose things that go up and down through time because of various reasons to conjure up some ignorant point in trying for a gotcha? 

Peefoam: “do you just pick and choose things  that go up and down through time?”

also peefoam: names only the 2 things that probably go up and down through time the most

 

lol

[seafoam1 3,496]

Just now, TimHauck said:

Peefoam: “do you just pick and choose things  that go up and down through time?”

also peefoam: names only the 2 things that probably go up and down through time the most

 

lol

Peetim: "TRUMP "

Also peetim: "TRUMP "

Peetim can't name anything about prices in reality, but when I share a couple that liberals have been whining about for months, he says "That's only 2 things!!! " 

[TimHauck 3,388]

10 minutes ago, seafoam1 said:

Peetim: "TRUMP "

Also peetim: "TRUMP "

Peetim can't name anything about prices in reality, but when I share a couple that liberals have been whining about for months, he says "That's only 2 things!!! " 

There’s literally an article in the OP with the data

[weepaws 3,411]

Homelessness is the goal of the US government 

[seafoam1 3,496]

3 minutes ago, TimHauck said:

There’s literally an article in the OP with the data

Highest level since a few months back!!!  

This must be destroying our country that something went down then went a nudge up. I should watch my stocks daily and if they come down a bit from yesterday, I should SELLL!!! 

Poor peetim cries about prices, then I prove him wrong, he blames the op. The op isn't much smarter in the least. 

[seafoam1 3,496]

4 minutes ago, weepaws said:

Homelessness is the goal of the US government 

Cool. Maybe that explains why you are homeless. 

[MDC 8,065]

1 hour ago, TimHauck said:

Prices are still going up.  They would need to come down for it to not be “the worst” anymore.  It’s not worse than during Biden (yet, hopefully it stays that way), but it’s not any better.

@RLLD told me Trump’s policies will bring prices down but it might take 10 years.

[zsasz 391]

 

 

1 hour ago, Ron_Artest said:

Market doesn't like trumpflation.

"What inflation? Trumps in charge"

                                                 - RLLD=

 

[RLLD 4,281]

1 hour ago, The Real timschochet said:

I don’t think you’re a liar but I do think you’re blind. You’re not seeing that there is a DIRECT consequence between Trump’s tarrifs and the current rate of inflation, and that it’s only going to get worse (FAR worse) and this has nothing to do with Biden. 

Not a direct, but as I stated in the spring, it could arise in June or July that we see some impact though it would be minor....and of course, as usual, I nailed it. I would suggest you avoid the absolutes such as "its only going to get worse" because that is NOT the only possible outcome.  I do not mind some undulations and staying below 3 remains the target of course, but this sudden caring about inflation....after defending Biden and his rampant inflation.....pardon me if I am disinclined to believe you actually care.

[RLLD 4,281]

1 hour ago, TimHauck said:

Prices are still going up.  They would need to come down for it to not be “the worst” anymore.  It’s not worse than during Biden (yet, hopefully it stays that way), but it’s not any better.

Incorrect.  Prices were run up by Biden, simply lowering the rate as Trump has does not fix prices....this is simple economics....and as I stated over the years....simply lowering inflation wont fix the problem.

That Biden allowed it to fester like he did was criminal because once you run it up as he did, it takes years to wring it out of the economy....that is why we should face it, not lie like Democrats....

[RLLD 4,281]

24 minutes ago, MDC said:

@RLLD told me Trump’s policies will bring prices down but it might take 10 years.

Correct.  You cannot wave a magic wand and unwind inflation, it does not work that way.  Its like a poison....once it takes hold wringing it out of the economy is hard, it takes time and patience.  That is why it was so profoundly stupid for the Biden admin to do what they did.

[TimHauck 3,388]

9 minutes ago, RLLD said:

You cannot wave a magic wand and unwind inflation, it does not work that way.  Its like a poison....once it takes hold wringing it out of the economy is hard, it takes time and patience.  

I agree, which is why we must still consider the current economy the worst of the lower classes lifetime

[MDC 8,065]

12 minutes ago, RLLD said:

Correct.  You cannot wave a magic wand and unwind inflation, it does not work that way.  It’s like a poison....once it takes hold wringing it out of the economy is hard, it takes time and patience.  That is why it was so profoundly stupid for the Biden admin to do what they did.

Lover prices Day 1 or the year 2035 … who’s counting?  

[The Real timschochet 7,526]

19 minutes ago, RLLD said:

I would suggest you avoid the absolutes such as "it’s only going to get worse" because that is NOT the only possible outcome.  

Unless the tarrifs go away it is the only possible outcome. I use absolutes because math is an absolute: if you add a tax to imported items those items are going to go up in price. There is no way around this. 

[Sean Mooney 2,057]

2 hours ago, TimHauck said:

@RLLD confirms current economy is still the worst of the lower classes’ lifetime 

I wonder if he will actually blame Trump this time.

Maybe he will hide again behind saying "Well Trump doesn't have to admit a mistake unless the media asks him about it."

[Sean Mooney 2,057]

42 minutes ago, RLLD said:

Not a direct, but as I stated in the spring, it could arise in June or July that we see some impact though it would be minor....and of course, as usual, I nailed it. I would suggest you avoid the absolutes such as "its only going to get worse" because that is NOT the only possible outcome.  I do not mind some undulations and staying below 3 remains the target of course, but this sudden caring about inflation....after defending Biden and his rampant inflation.....pardon me if I am disinclined to believe you actually care.

Can you direct us to that post so we can mark it for future predictions?

[RLLD 4,281]

31 minutes ago, TimHauck said:

I agree, which is why we must still consider the current economy the worst of the lower classes lifetime

Given that the Biden inflation was astronomically higher than today, your assertion comes across as abjectly stupid.

[RLLD 4,281]

28 minutes ago, MDC said:

Lover prices Day 1 or the year 2035 … who’s counting?  

When inflation causes prices to rise....those prices do not lower as inflation lowers.....this is how economics works, that you do not understand or appreciate this factor is problematic

[TimHauck 3,388]

1 minute ago, RLLD said:

When inflation causes prices to rise....those prices do not lower as inflation lowers.....this is how economics works

 

34 minutes ago, TimHauck said:

I agree, which is why we must still consider the current economy the worst of the lower classes lifetime

 

[RLLD 4,281]

24 minutes ago, The Real timschochet said:

Unless the tarrifs go away it is the only possible outcome. I use absolutes because math is an absolute: if you add a tax to imported items those items are going to go up in price. There is no way around this. 

Tariffs are a minor influence on inflation, sure they will have some impact, but its negligible....especially when you compare it to labor.  Again, where was all this concern when Biden was causing inflation to soar to incredible heights?

That you seem to have a deep concern today suggests you should have back then as well

[RLLD 4,281]

7 minutes ago, Sean Mooney said:

Can you direct us to that post so we can mark it for future predictions?

I said it multiple times....will find them all

here is one where I assert it will take months, still looking for the others, will check back

[seafoam1 3,496]

1 hour ago, MDC said:

@RLLD told me Trump’s policies will bring prices down but it might take 10 years.

Prices are down. You just can't afford to buy things no matter how little they cost. Poor mdpee. 

[MDC 8,065]

4 minutes ago, RLLD said:

When inflation causes prices to rise....those prices do not lower as inflation lowers.....this is how economics works, that you do not understand or appreciate this factor is problematic

You should be more perturbed that Trump doesn’t understand it. He promised lower “prices” Day 1. HTH

[Sean Mooney 2,057]

1 minute ago, RLLD said:

I said it multiple times....will find them all

here is one where I assert it will take months, still looking for the others, will check back

Well it took 2 months for the tariffs to manifest into prices...so technically I guess 2 months is plural...

[TimHauck 3,388]

3 minutes ago, seafoam1 said:

Prices are down. 

They’re not though.

[RLLD 4,281]

10 minutes ago, TimHauck said:

 

 

You really dont understand anything about economics at all....do you.....holy fock....  I honesntly did not realize you really were just stupid

[The Real timschochet 7,526]

8 minutes ago, RLLD said:

Tariffs are a minor influence on inflation, sure they will have some impact, but its negligible....especially when you compare it to labor.  Again, where was all this concern when Biden was causing inflation to soar to incredible heights?

That you seem to have a deep concern today suggests you should have back then as well

First off tarrifs are not a minor impact on inflation. That’s just silly. They create inflation. 
I was concerned about inflation during the Biden era but believed then, and do now, that it was the price that had to be paid for getting us out of the economic crisis caused by Covid. I don’t see how tariffs are necessary and I don’t find any positive result from them. Inflation is only one negative aspect of tariffs; there are many more.