Inflation remains elevated as Trump's tariffs take hold

Aug 12, 2025 - 16:00
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Inflation remains elevated as Trump's tariffs take hold
The price of home furnishings rose in July, thanks in part to President Trump

Inflation remained elevated last month as President Trump's tariffs continued to make their way into the prices that consumers pay. The average cost of living in July was up 2.7%.

(Image credit: Joe Raedle)

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