US consumer prices rose 0.3% in June, pushing the annual inflation rate to 2.7%, the highest since February. This increase aligns with economists' predictions, though core inflation (excluding food and energy) reached 2.9% annually. While inflation had been decreasing earlier in the year, June's data shows some impact from President Trump's tariffs, with apparel and household furnishing prices rising, offset by falling vehicle prices.

Prepared by Christopher Adams and reviewed by editorial team.