A new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US economy.

Inflation rose by three tenths of a percentage point to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index. Forecasters had expected inflation to tick up to 2.

Reducing waste is one of the few solutions that improves both environmental outcomes and economic performance.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.

Inflation accelerated in June due to sweeping tariffs likely raising prices for various goods. Economists predict a year-over-year increase of 2.6%. Rising inflation could challenge President Trump's economic promises and complicate the Federal Reserve's interest rate strategy.

Americans are still in a sour mood over the economy, with tariff concerns weighing on their minds, the University of Michigan consumer sentiment survey shows.

Stocks dipped on Tuesday as new consumer price index data showed rising inflation and the Aug. 1 deadline for Trump’s tariff campaign loomed.

Consumer sentiment improved in July as inflation expectations subsided, showing consumers may be less worried about tariffs amid positive economic data.

A National Retail Federation survey finds more back-to-school shoppers are starting early this year, and tariff concerns are a big part of that trend.

The latest round of tariff threats from President Trump could spark fresh concerns about inflation, which might force the Federal Reserve to maintain its wait-and-see posture on interest-rate cuts, sa