US Inflation Accelerates in June

Softer Than Seen

- REUTERS

US 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 Labour Department on Tuesday, underlying inflation remained moderate last month, with prices for new and used motor vehicles lower relative to May.