Let's Track the Economy (with objective empirical data?)

essentialsaltes said:

Inflation rate edged higher by 2.4% in May, CPI report shows. Here's what that means.​

Click to expand...

Inflation heats up in June as President Trump's tariffs start to bite​

Consumer prices in June were up 2.7% from a year ago, according to a report Tuesday from the Labor Department

Rising rents were the main driver of inflation in June. But the price of clothing, appliances and toys also jumped — which likely reflects the effects of import taxes. Clothing prices rose 0.4% while the price of appliances and toys jumped nearly 2%.

Energy and food costs were also higher in June, while the price of new and used cars and airline tickets was down.

Falling energy costs had helped to keep overall inflation in check in recent months. But gasoline prices rebounded in June. And electricity costs jumped by 1%, as hot summer weather kept air conditioners busy.