Trump, Inflation
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Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product categories made up primarily of imports. But, they added, overall price increases owed largely to a rise in housing and food products with little connection to tariffs.
Consumer prices rose at a quicker rate in June, breaking a months-long streak of cooling inflation, the Labor Department said on Tuesday. Why it matters: The data will likely concern economic policymakers,