US inflation ticks higher but tariff impact remains muted
Published: 6/11/2025

US inflation edges up to 2.4% in May, influenced by Trump's tariffs on imports. Despite the impact on prices for certain goods like toys and appliances, overall consumer prices only rose by 0.1% from April. The new tariffs have economists concerned about potential future inflation, although President Trump believes the costs will mostly be borne by companies outside the US.