Consumer prices rise 2.7% annually in July as Trump's tariffs drive up core inflation Slowing rent increases and cheaper gas are offsetting some impacts of Trump's sweeping tariffs.

The inflation rate stayed at 2.7% in July after it climbed more than expected in June.

Inflation held at 2.7% for the year ending in July in the consumer price index, the Bureau of Labor Statistics reported Tuesday, suggesting that the price ...