US consumer prices rise
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Tomato prices likely to jump
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The US housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.
Economists expect rising prices to continue into the summer and the rest of the year, due to the quick and staggered nature of the tariffs. What they call a “price creep” won’t be sudden, but will steadily show in consumer goods and costs during these next few months.
U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts.
The United States Postal Service's stamp price increase will go into effect on Sunday, July 13. Here's how much they'll cost.
The figure for June marks the steepest increase in inflation, which measures how quickly prices are rising, since January 2024.
Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%,
The postal service said the "price adjustments are needed to achieve the financial stability sought by the organization's Delivering for America 10-year plan."
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Oil prices rose on Wednesday, boosted by expectations of firm summer demand in the world's two largest consumers, the United States and China, though gains were capped by analysts' caution about the wider economy.
U.S. copper prices surged to records last week ahead of the 50% tariff that President Trump has promised to impose on imports Aug. 1. Traders and analysts expect copper prices in the U.S. t