US Edition
Inflation Holds Steady as Cheaper Gas, Groceries, Rent Offset Early Tariff Impacts
Tariffs on imports have reached 10%, raising costs for some goods while gas prices dropped 9.5% from last year, keeping overall inflation steady at 2.7%.
- On Tuesday, U.S. consumer prices rose 2.7% in July from a year earlier, matching June’s pace as falling gas and grocery costs offset tariff-driven increases.
- Earlier this year, President Donald Trump imposed a 10% universal tariff, with Princess Awesome's costs up 15% to 20% and shoe prices jumping 1.4%.
- Meanwhile, core inflation climbed 3.1% year-on-year in July, while gas prices fell 2.2% month-on-month and plunged 9.5% from a year earlier.
- The report lands as the Federal Reserve weighs a rate cut, and some economists say it will delay easing with core inflation above 2%.
- Looking ahead, economists expect tariffs to keep pushing inflation higher as UBS economist Alan Detmeister warns reports may become more volatile after collecting about 18% fewer price quotes than earlier this year.
26 Articles
26 Articles
Santa New Mexican
U.S. inflation held steady as mild tariff hit offset by cheaper gas, food
U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
読売新聞オンライン
Arkansas BusinessUS Inflation Held Steady as Mild Tariff Hit Offset by Cheaper Gas, Food
WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
U.S. consumer inflation holds steady but tariff risks persist
U.S. consumer inflation held steady in July, with an uptick in underlying price pressures that could spell trouble for President Donald Trump and his promises of an economic boom. The 2.7 percent consumer price index (CPI) figure was probably not high enough to derail a potential interest rate cut in…
Inflation held steady despite tariffs
WASHINGTON (NEXSTAR) - New economic numbers show inflation stayed steady last month, but economists say Americans should be bracing for the full impact of President Trump's tariffs. New inflation numbers are lower than top economists predicted, with U.S. consumer prices up 2.7% last month. "Today's CPI report revealed that inflation beat market expectations once again and inflation remains stable,” said White House Press Secretary Karoline Leavi…
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
