Is inflation re-surging in the US?

Are tariffs having a significant impact on US prices?

According to the Bureau of Labor Statistics report released Tuesday, CPI inflation rose 2.7% Y/Y in June, above expectations of 2.6% and up from 2.4% in May. This marks the second consecutive monthly increase.

Month-over-month, CPI inflation rose 0.3%, up from 0.1% in May and in line with expectations.

Does that mean inflation in the US is re-accelerating? Do tariffs have any impact? Read the full analysis below.

For reference, here is the previous analysis of US inflation posted in December 2024.

Is the second wave of US inflation on the way?

Is the world's largest economy facing a repeat of the late 1970s?

globalmarketsinvestor.beehiiv.com/p/is-the-second-wave-of-us-inflation

CURRENT ASSESSMENT OF MOST IMPORTANT INFLATION METRICS

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