Inflation hits highest mark in months amid Trump’s tariffs threat

Inflation ticked up to its highest level in months in June amid concerns about President Donald Trump’s threats surrounding tariffs and his larger global trade war.

The Bureau of Labor Statistics released its Consumer Price Index summary on Tuesday, which tracks how much inflation increased in the past month. The survey showed that the CPI increased 0.3 percent in June after it went up by only 0.1 percent in May. In the past 12 months, the index for all items jumped the by 2.7 percent.

The move comes as Trump continues to ramp up his tariff threats.