Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large

President Donald Trump's far-reaching tariffs are starting to push sticker prices, though not as much as some economists had forecast.

Critics of President Trump's tariff policies have been waiting for the import taxes to raise the inflation rate. That effect may be beginning.

National Economic Council Director Kevin Hassett, a top economic advisor to Trump, on Monday rebuked concerns about tariff-related inflation. The Fed, Hassett told CNBC, has been "very, very wrong" in its assessment of a potential resurgence of price increases.

Progress in bringing down the rate of inflation has halted, at least for now. But even with June’s boost in price growth, economists expect the full effects of higher tariffs to push inflation even higher in the coming months.

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7 per cent in June from a ...

June’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data.

While the direct effect of higher tariffs on inflation remained relatively moderate last month, there are signs that businesses are passing along the increased costs. Prices for household furnishings and operations,