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Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
Inflation was tame in May but President Trump’s tariff policy may cause consumer prices to rise noticeably heading into summer, economists said.
U.S. inflation saw a slight increase in May, with consumer prices rising 2.4% year-over-year, driven by higher food costs.
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices ...
Both core and headline CPI came in below expectations, but economists say tariff risks and solid job growth leave the Fed in ...
CPI report shows that President Trump's whipsaw tariff policies have not had an outsized impact on inflation, but economists ...
Analysts predict stock market volatility this week due to the Iran-Israel conflict, crude oil prices, US Fed rate decision, ...
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