A monthly increase in inflation was driven by higher shelter costs.
People shop at a store in Elkridge, Md., on July 11, 2025. Madalina Kilroy/The Epoch Times
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U.S. annual inflation was unchanged in July, coming in below economists’ expectations as President Donald Trump’s tariffs did not have a significant impact on consumer prices.
According to the Bureau of Labor Statistics, headline inflation held steady at 2.7 percent for the second consecutive month.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
