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 inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,

Progress in bringing down the rate of inflation has halted, at least for now. But even with June’s boost in price growth, economists expect the full effects of higher tariffs to push inflation even higher in the coming months.

Economists and monetary policymakers have been trying to figure out exactly how much U.S. tariffs on goods will affect inflation. That's a task complicated by the evolving tariff situation, as President Trump sends letters to trading partners announcing tariff levels ranging from 20% to 50%.

Wall Street braces for June CPI data, as economists warn of hotter inflation driven by tariffs. A surprise print could jolt markets.

Consumer inflation had dipped to 2.82% in May. CPI data allows India room to ease rates at a time when Trump tariffs threaten growth. India's economy rose by a faster-than-expected 7.4% in the quarter ended March.

Bank earnings, inflation, and new crypto regulation are some of the things on the investors' radar this week.

The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.