Consumer prices were up 2.7% from a year ago — a larger annual increase than the month before.
Inflation picked up steam last month amid early signs that President Trump’s tariffs are beginning to have an effect on the prices shoppers see in stores.
Consumer prices in June were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. That’s a larger annual increase than the month before.
Prices rose 0.3% between May and June, also a sharper increase than the previous month.
