The Consumer Price Index rose 2.7 percent from a year ago, as the global trade war started to bite.
No matter any other good economic news coming out, if inflation is rising, that good news comes at the expense of our pocketbooks:
Consumer prices rose in June as President Donald Trump's tariffs began to slowly work their way through the U.S. economy.[image or embed]
-- CNBC (@cnbc.com) Jul 15, 2025 at 8:38 AM
US consumer prices pick up in June; underlying inflation still tame
www.reuters.com
... Consumer Price Index increases 0.3% in June.
Core CPI rises 0.2%; advances 2.9% on year-over-year basis.
June could mark the start of tariff-induced price rises.
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.
Despite the pick-up in the Consumer Price Index reported by the Labor Department on Tuesday, underlying inflation remained moderate last month, with prices for new and used motor vehicles lower relative to May.
Services like airline fares as well as hotel and motel rooms were also cheaper in June. ...
Food prices rose 0.3%, matching the increase in May. Grocery store prices also advanced 0.3%, lifted by a 1.4% increase in the costs of nonalcoholic beverages and 2.2% jump in coffee prices. Fruits and vegetables cost 0.9% more while beef prices jumped 2.0%. But eggs were 7.4% cheaper as an avian flu outbreak abated. ...
Household furnishings and supplies prices shot up 1.0% after climbing 0.3% in May. Prices for appliances surged 1.9% while the cost of apparel rebounded 0.4%. Sporting goods prices accelerated 1.4% while toys vaulted 1.8%. ...
Owners' equivalent rent of primary residence rose 0.3%, but the cost of hotel and motel rooms declined 3.6%. Airline fares dipped 0.1%. The costs of services excluding energy services increased 0.3% after gaining 0.2% in May. ...
"Auto Pen is on line 3 holding for you."
That's Jim Comer:
www.theguardian.com
To further the investigation regarding Biden's use of Autopen, Comer used Autopen to sign the documents.
It's like the comedy writes itself!
@#93 ... It's you who doesn't care about inflation.
Its you who doesn't understand tariffs cause inflation. ...
Trump tariffs push up inflation despite pressure on Fed to cut rates
www.politico.com
... The White House has been trumpeting the absence of tariff-related price hikes as a sign that the president's agenda is succeeding.
Inflation rose in June as President Donald Trump's tariffs began to push up the prices of certain goods, undermining his attempts to pressure Federal Reserve Chair Jerome Powell to lower interest rates.
The Consumer Price Index increased at an annual rate of 2.7 percent, after rising 2.4 percent in May, as the impact of taxes on imports started to become visible at checkout. While housing prices -- as well as volatile food and energy prices -- contributed heavily to the uptick, tariff-sensitive products like apparel and household furnishings also reported sizable gains. Core inflation, which excludes food and energy costs, rose at an annual rate of 2.9 percent. ...
Sorry, my day has been wasted getting my RealID.
Let's parse:
... he used the Steele dossier to start the Russian Hoax
Not a hoax - you are a liar. Russia interfered in the 2016 election, almost immediately after FDT told them to iduring the campaign apnews.com The dossier was released AFTER the Russian interference was already being investigated. The dossier was not used to start the investigation.
after his staff said it was completely false. Not all of the memos from Steele were false. Some of the rumors were planted by Russian assets, some of the memos were verifiably true. His staff considered it spurious, so he may have ignored them, but your comment is mostly a lie. You have access to the timeline, but you continue to lie to cover for the rapist felon. Bravo
@#23 ... he used the Steele dossier to start the Russian Hoax after his staff said it was completely false....
The Steele Dossier was a collection of raw information, nothing more, nothing less.
The Steele Dossier: A Retrospective (2018)
www.lawfaremedia.org
... The dossier compiled by former British intelligence officer Christopher Steele remains a subject of fascination"or, depending on your perspective, scorn. Indeed, it was much discussed during former FBI Director Jim Comey's testimony in front of the House Judiciary Committee on Dec. 7. Published almost two years ago by BuzzFeed News in January 2017, the document received significant public attention, first for its lurid details regarding Donald Trump's pre-presidential alleged sexual escapades in Russia and later for its role in forming part of the basis for the government's application for a FISA warrant to surveil Carter Page.
Our interest in revisiting the compilation that has come to be called the "Steele Dossier" concerns neither of those topics, at least not directly. Rather, we returned to the document because we wondered whether information made public as a result of the Mueller investigation"and the passage of two years"has tended to buttress or diminish the crux of Steele's original reporting.
Support Lawfare
The dossier is actually a series of reports"16 in all"that total 35 pages. Written in 2016, the dossier is a collection of raw intelligence. Steele neither evaluated nor synthesized the intelligence. He neither made nor rendered bottom-line judgments. The dossier is, quite simply and by design, raw reporting, not a finished intelligence product.
In that sense, the dossier is similar to an FBI 302 form or a DEA 6 form. Both of those forms are used by special agents of the FBI and DEA, respectively, to record what they are told by witnesses during investigations. The substance of these memoranda can be true or false, but the recording of information is (or should be) accurate. In that sense, notes taken by a special agent have much in common with the notes that a journalist might take while covering a story"the substance of those notes could be true or false, depending on what the source tells the journalist, but the transcription should be accurate.
With that in mind, we thought it would be worthwhile to look back at the dossier and to assess, to the extent possible, how the substance of Steele's reporting holds up over time. ...
An article worthy of reading.
I have posted that excerpt and link to the article many times in the past, yet your current alias seems to choose to remain ignorant about the dossier. Why?
@#105 ... An article worthy of reading. ...
But more important to the topic of this thread, from #62 ...
US consumer prices pick up in June; underlying inflation still tame
www.reuters.com
...Consumer Price Index increases 0.3% in June.
Core CPI rises 0.2%; advances 2.9% on year-over-year basis.
June could mark the start of tariff-induced price rises.
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.
Despite the pick-up in the Consumer Price Index reported by the Labor Department on Tuesday, underlying inflation remained moderate last month, with prices for new and used motor vehicles lower relative to May.
Services like airline fares as well as hotel and motel rooms were also cheaper in June. ...
Food prices rose 0.3%, matching the increase in May. Grocery store prices also advanced 0.3%, lifted by a 1.4% increase in the costs of nonalcoholic beverages and 2.2% jump in coffee prices. Fruits and vegetables cost 0.9% more while beef prices jumped 2.0%. But eggs were 7.4% cheaper as an avian flu outbreak abated. ...
Household furnishings and supplies prices shot up 1.0% after climbing 0.3% in May. Prices for appliances surged 1.9% while the cost of apparel rebounded 0.4%. Sporting goods prices accelerated 1.4% while toys vaulted 1.8%. ...
Owners' equivalent rent of primary residence rose 0.3%, but the cost of hotel and motel rooms declined 3.6%. Airline fares dipped 0.1%. The costs of services excluding energy services increased 0.3% after gaining 0.2% in May. ...
#121 | Posted by snoofy
Donald Trump: "I will immediately bring prices down starting on day one"
VIDEO of him saying that ... numerous times:
www.youtube.com
MAGAts can Google it anytime they want to.
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