7.15.25 - Here's the inflation breakdown for June

7.15.25 - Here's the inflation breakdown for June

Gold last traded at $3,325 an ounce. Silver at $37.71 an ounce.

Here's the inflation breakdown for June 2025 - in one chart -CNBC

The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store.

Economists said they expect the full impact from the Trump administration's tariff agenda to raise consumer prices more in the months ahead - but they said trade policies have already started to noticeably affect inflation.

The consumer price index, a key inflation barometer, rose 2.7% in the 12 months through June, up from 2.4% in May, the Bureau of Labor Statistics said Tuesday.

President Donald Trump's tariffs continue to work their way through the U.S. economy, even as the risk of further escalation grows.

Trump announced Saturday that the U.S. will impose 30% tariffs on the European Union and Mexico starting Aug. 1. On Monday, Trump threatened to impose "secondary tariffs" on Russia's trade partners, "at about 100%."

Tariffs are a tax on imports from foreign nations, paid by U.S. companies that import the good or service. Businesses negatively affected are expected to pass on at least some of that additional cost to consumers through higher prices.