US inflation rose to 2.7% year-over-year in June, driven by President Donald Trump’s tariffs, significantly impacting consumer prices across various sectors.

• Consumer prices increased from 2.4% in May to 2.7% in June, marking the fastest rise since February.
• Fitch Ratings’ head of US economic research, Olu Sonola, noted tariff-induced inflation may gain momentum.
• Higher costs were particularly evident in coffee (2.2% rise), citrus fruits (2.3% increase), and household items, despite some declines in other areas.