Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, ...

WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation ...

Butter prices in the U.S. jumped to their highest levels in over a year, with dairy prices also rebounding ...

Key Takeaways: U.S. inflation fell to 2.1% in April, the lowest since September. Core inflation hit a four-year low at 2.5% year-over-year. Consumer spending growth slowed amid tariff uncertainty.

Dr Liliana Danila, Lead Economist, The Food and Drink Federation, (FDF) said:“Food and drink inflation shot up in May 2025, reaching 4.4% compared to 3.4% in April.

The Personal Consumption Expenditures price index for April rose 2.1% on an annual basis, closer to the Fed’s target inflation rate of 2%.

Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures Price Index rose 0.1% last month after being ...

The average cost of a cooker swung from negative inflation in April (down 3.4% year-on-year) to positive inflation in May (up 2.3%), while inflation climbed higher for heaters and air conditioners.

The Fed has generally overshot its inflation target over the last four years. Headline PCEPI has averaged 4.0 percent per year since April 2020, whereas core PCEPI has averaged 3.9 percent.

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

U.S. stocks edged back from their record heights in Wall Street’s final moves before an upcoming update on inflation.