Source: Financial Times [UK]
“US inflation held steady at 2.7 per cent in July, confounding economists’ expectations of an acceleration driven by the tariffs Donald Trump has slapped on US trading partners. Tuesday’s annual consumer price index figure was in line with June’s reading and below expectations of 2.8 per cent among analysts surveyed by Bloomberg. Trump has sought to use tariffs to reshape the US’s trading relationship with the world, prompting warnings of a jump in domestic prices. Inflation ticked up in June in what economists cautioned were the first signs of the trade war seeping through to consumers.” (08/12/25)