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August 13, 2025

Inflation held steady as mild tariff hit offset by cheaper gas, food

  • Consumer prices rose 2.7% in July from a year earlier, the same as the previous month.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.

    Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from a post-pandemic low of 2.3% in April. Excluding the volatile food and energy categories, core prices rose 3.1%, up from 2.9% in June. Both figures are above the Federal Reserve's 2% target.


     
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