US inflation did not increase as significantly as anticipated in July, even with the implementation of tariffs

Inflation rose less than expected last month, yet an analysis of core price increases shows a rise in tariff-related pressures. Consumer prices went up by 0.2% in July, keeping the annual inflation rate at 2.7%, according to the latest Consumer Price Index data released on Tuesday by the Bureau of Labor Statistics. Economists had anticipated a modest increase in inflation last month, predicting a rise to 0.2% from June and an annual rate of 2.8%, according to reports.