Inflation picks up again in June, rising at 2.7% annual rate [Thanks, TACO man]

[newdeal2]

The tariffs are only starting to take effect and inflation is creeping back up again. If this continues, voters should be pissed and Trump and Republicans should lose in a landslide. No more interest rate cuts anymore either.

Inflation picks up again in June, rising at 2.7% annual rate

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy.

The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus.

Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, also matching the respective estimates.

[dalton99a]

1. It'll get worse as companies "update" their prices with the Trump tariffs

[newdeal2]

2. They will have to when there's no one left to pick the crops or cut the meat

[WSHazel]

3. It will take a while for the tariffs to flow through to prices

The impact will be a combination of higher prices and reduced economic activity. As prices go up, people will buy less.

[dalton99a]

4. +1. And then more layoffs and few new jobs, leading to stagnation

The big beautiful Trump stagflation

[Johonny]

5. Everything feels like it went up more than that