Prices in the U.S. continue to rise in July as Trump’s tariffs affect consumer costs |

U.S. prices continued to rise in July, according to major economic data released on Tuesday. Donald Trump’s International tariff The restructuring begins to affect consumer costs.

Prices last month were 2.7% higher last month, according to the Consumer Price Index (CPI), which measures the prices of a basket of goods and services. Although inflation fell in the spring, annual inflation has risen by 0.4% since April.

Although inflation remained stable between June and July, core inflation excluding volatile energy and food industries rose 3.1% last month, higher than in June.

Takeaway prices and restaurant prices rose 3.9% last year, raising overall food prices by 2.9%. Used cars, housing and medical services are also higher than the overall price.

Total energy prices fell 1.6% that year, which may have stabilized the overall rate of inflation.

The report is latest, indicating The U.S. economy Despite the turmoil in Trump’s unparalleled U.S. trading policy, despite persist in From Republicans, the economy is “firing on all cylinders.”

In addition to the 10% universal tariff on all imports, Trump has set Higher tariffs For dozens of countries, including the top U.S. trading partners. In the hours ahead of the midnight deadline, Trump delayed the imposition of huge tariffs in China for another 90 days, while negotiations continue.

Despite many of these tariffs Effective only On August 7, Trump’s 10% universal tariffs, as well as higher tariffs on certain industries such as steel and aluminum, have been in effect since the spring.

Economists say tariffs take time to show consumer prices. Some retailers have been in stock to delay the impact of tariffs and keep prices stable. But the price increase shows that the company has begun to transfer costs to customers, as leaders at companies like Walmart, Nike and Macy’s say it will happen.

Tariffs are also more severe than economists have expected to enter the labor market. data The work released earlier this month has made a huge revision of the number of jobs that initially showed healthy job markets. The government reported that in May and June, 291,000 jobs were added to the economy, but the revisions reduced the total to 33,000.

Rising prices and labor market growth have led the United States to launch Fed Enter a narrow place. The Fed’s twin authorization is to maintain inflation in checks while maximizing employment.

Trump slams the central bank, believing it needs to lower interest rates to stimulate growth. But Fed officials avoided adjustments to rates on the grounds that the impact on Trump’s tariffs on prices is uncertain.

Trump has been igniting anger among economic officials over the past few months – first In the Federal Reservenow in the Bureau of Labor Statistics (BLS) that collects and reports economic data. July job data report shows job growth a month after Trump Turn on fire BLS Commissioner Erika Mcentarfer. Trump cited no evidence to claim the job figure was “Wednesday was Rigton, who nominated economists EJ Antoni, Long-term critics of BLS to oversee the department.

After the latest inflation figures are released, Trump claims: “It turns out that even in this late period, tariffs did not cause inflation, nor did they cause other problems in the United States, except for a lot of cash poured into our Treasury’s vault.”

The president once again attacks Fed Chairman Jerome Powell and suggests he can Sue Powell Expensive renovations Go to the Fed’s buildings.

“Jerome’Powell now has to lower the rate Powell is now,” Trump wrote on his social media platform. “I am considering allowing major lawsuits against Powell, though, because of the horrible and extremely incompetent work he has done in managing the construction of the Fed’s buildings.”