US core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs.

US inflation reaches a 3-year low as Federal Reserve ... New Jersey, July 11, 2024. (AP Photo/Eduardo Munoz Alvarez ... which typically provide a better read of future inflation trends.

Metro Phoenix continues to have the lowest inflation of any major U.S. city. The 0.2% climb in consumer prices here compares ...

Excluding food and energy, the CPI gained 0.2% in July, matching the rise in June. Underlying inflation was curbed by a 0.3% drop in core goods prices, which followed a 0.1% dip in June.

What the economy needs is a consistent inflation picture where monthly core CPI growth in the 0.2% range places us firmly in the 2% to 3% annualized inflation range.

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December ...