Tariffs and Inflation: What the Bureau of Labor Statistics Tells Us About CPI

Tuesday, 12 August 2025, 17:19

Tariffs and inflation are central to understanding the Bureau of Labor Statistics' latest report on the CPI rise of 2.7%. The report indicates economic trends influencing consumer prices. This finding sheds light on key factors driving inflation and its implications for the economy.

Cbsnews — Tariffs and Inflation: What the Bureau of Labor Statistics Tells Us About CPI

Tariffs and Inflation Trends in the Latest CPI Report

The Consumer Price Index (CPI) rose by 2.7% annually according to the latest report from the Bureau of Labor Statistics. This rise is contrary to the expectations set by economists, who predicted a 2.8% increase. On a month-over-month basis, the CPI increased by 0.2%, matching the forecasts.

Key Statistics on Inflation

The CPI tracks the prices of a basket of goods and services commonly purchased by consumers.
This year, inflation remains at or below 3%, with June’s CPI at 2.7%.
Core inflation, which excludes food and energy prices, has seen a 3.1% rise, surpassing expectations.

Food Prices and Consumer Impact

Food inflation continues to affect consumers significantly, with overall food prices rising by 0.2% in July and 2.9% annually. The cost of groceries saw a 0.1% rise since June and a 2.2% increase year-over-year, highlighting the persistent inflationary pressures on household budgets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.