US inflation rose in June as Trump’s tariffs start to show in prices

Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%

Inflation shot up in June as the impacts of Donald Trump's tariffs slowly started to show in US prices.

Business leaders have said for months that the high, volatile rates of Trump's tariffs will force companies to raise consumer prices. Prices remained stable in the spring, particularly as many of Trump's highest tariffs were paused; however, they started increasing in May and have continued to rise in June.