WASHINGTON (AP) — Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.

The U.S. dollar rose alongside Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.

US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,

The deal includes increased Indonesian purchases of U.S. airplane, energy and farm products to help offset the nearly $18 billion trade balance in favour of Jakarta. Here is what we know about the deal so far: Trump said that the deal includes Indonesia purchasing $15 billion worth of U.

US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.