Tariffs cause August grocery price surge: Five foods hit hardest https://t.co/jmdgPzSGCx
The trimmed mean PCE inflation rate increased to 2.68% for the 12 months ending in June, up from 2.57% in May. For more on the @DallasFed alternative measure of core inflation, see FRED: https://t.co/Rhuz7HFeQy https://t.co/ZwfkpMWeq8
How tariffs could make Christmas cost more https://t.co/aHZX9wAa9R
The Federal Reserve's preferred inflation gauge, the personal consumption expenditures (PCE) price index, showed an increase in June 2025, rising 2.6% year-over-year compared to 2.4% in May. The core PCE, which excludes food and energy prices, edged up slightly to 2.8% from the previous month. Additionally, the trimmed mean PCE inflation rate rose to 2.68% for the 12 months ending in June, up from 2.57% in May. This uptick in inflation is attributed in part to increased tariffs, which have contributed to higher consumer prices, including a surge in grocery costs for certain foods. Analysts have noted that tariffs could further elevate prices during the holiday season.
