USA's tariffs on goods from a wide range of countries have raised concerns that inflation in the USA will increase. (Archive photo). Photo: Bay Ismoyo/Ritzau Scanpix
US inflation stays steady in July despite higher tariffs
The U.S. Consumer Price Index (CPI) rose by 2.7% over the year in July, matching June’s increase, indicating ongoing inflation. Excluding food and energy, core inflation in July was 3.1%, up from June’s 2.7%. The increase in CPI is attributed to various factors, including higher tariffs on goods...
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