Inflation continued its upward trend in June in the US, reaching 2.6% annually, while more and more new tariffs are imposed on imported products. Prices rose more than the financial analysts expected, who estimated that inflation would be +2.5%, according to the Marketwatch Economic Information and Analysis website. In May, inflation stood at 2.4% annually. According to the Ministry of Commerce, inflation also increased from month to month to 0.3% (from 0.2% in May, compared to April). The creepy inflation (excluding energy and food prices) remained in June at the same level as May at +2.8% annually. The US Federal Bank (FED) targets 2% inflation on an annual basis. This goal seemed feasible at the beginning of the year, but it was removed again. Most economists and central bankers expect prices to rise further after […]
Source: News Beast
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