On an upward course continued to be the inflation and June at USAreaching 2.6% on an annual basis, while more and more new tariffs are imposed on imported products.
Prices rose more than the financial analysts expected, who estimated that inflation would be +2.5%, according to the Marketwatch Economic Information and Analysis website. In May, inflation in the US stood at 2.4% on a yearly basis.
According to the Ministry of Commerce, inflation also increased from month to month to 0.3% (from 0.2% in May, compared to April). The creepy inflation (excluding energy and food prices) remained in June at the same level as May at +2.8% annually.
The US Federal Bank (FED) targets 2% inflation on an annual basis. This goal seemed feasible at the beginning of the year, but it was removed again.
Most economists and central bankers expect prices to rise further after the new duties announced by President Donald Trump are implemented.
Based on the data released today, in June there was an increase in the price of non -consumable goods, a category that includes cars, furniture and electrical appliances. Many of these goods are imported into the US.
Yesterday, Wednesday (30.7.2025), after the Fed decided to leave interest rates unchanged, Jerome Powell’s president estimated that the impact of duties were beginning to implement “in some categories of goods”, warning that the consequences for prices will not be zero.
President Trump, for his part, believes that there is no reason not to reduce interest rates and today attacked Powell again, writing on the Truth Social platform that he is “stumbling” and describing him as “very stupid and very politicized to do this job”.