Consumer Prices Surge as Trump’s Trade War Starts Hitting Home
U.S. consumer prices accelerated in June, producing the fastest year-over-year increase since February. Overall inflation rose 2.7% compared with the same month a year earlier, reflecting a broadening of price pressures across multiple categories of household spending. Core inflation, which excludes volatile food and energy costs, climbed more sharply, reaching 2.9% year-over-year. That measure is … Read more