June 2025 CPI: Inflation Quickens as Tariffs Push Up Goods Prices and Test Fed Patience
12 Sep 2025Inflation picked up in June, rising 0.3% on the month and 2.7% year over year—the fastest pace since February—as tariffs began filtering into consumer prices. Food and restaurant prices climbed, while energy and vehicle prices eased. Economists expect tariff impacts to peak late 2025. Markets now see slim odds of an immediate Fed cut, with a better chance in September if monthly price gains cool.
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