Factory-gate prices held steady in June, surprising economists. The producer-price index was flat last month, the Labor Department said, missing forecasts for a 0.2% rise. The index rose by a revised 0.

The report on producer prices adds to a mixed picture for inflation as the economy adjusts to the imposition of import tariffs.

The Consumer Price Index reveals prices grew faster in June than in May. The annual inflation rate ticked up to 2.7%, the highest level since February. With new tariffs set for August, economists warn prices could go up more.

Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration's increasing import taxes passing through to consumers.

One month doesn’t make a trend, but there are worrying signs in the labor market and inflation data.

Consumer prices in the New York area, including Long Island, rose at a faster pace in June than in May, driven in part by higher costs for child care, housing and groceries, such as meat and eggs.

The consumer price index rose 2.7% on an annual basis in June 2025, up from 2.4% in May, according to the Bureau of Labor Statistics. However, the full impact of President Donald Trump's tariffs is still to come,

US stocks turned mixed after June inflation data. Investors now turn to earnings. Nvidia jumps on hopes for China chip sales, lifting Nasdaq to record