FOR IMMEDIATE RELEASE August 12, 2025 Contact: [email protected] ICYMI: Inflation Rises as Trump’s Tariffs Hit Consumers New data released this morning by the U.S. Bureau of Labor Statistics (BLS) confirms that the Trump Administration’s across-the-board-tariffs are increasing inflation. The report shows inflation ticking up in July, with the Consumer Price Index (CPI) rising by 0.2% month-over-month and 2.7% year-over-year. Core inflation—which strips out food and energy—climbed to 3.1%, up from 2.9% the month before and marking one of the sharpest increases in recent months. Rising costs for restaurant meals, takeout, housing, used cars, medical care, toys, and furniture all contributed to the increase. Since April, Trump has imposed across the board tariffs of 10%–50% on nearly all imports, with higher rates for dozens of countries and industries. The average tariff rate now tops 18.6%, the highest since 1933. While some businesses initially absorbed the cost, companies are starting to pass the increases to consumers. The Guardian | US prices continued rise in July as Trump tariffs impact consumer costs Yahoo! Finance | Inflation rises by most in six months, stoking tariff-driven price concerns New York Times | CPI Report Live Updates: Inflation Data Shows Deepening Impact of Trump’s Tariffs The Independent | Core inflation jumps as consumers face higher prices with Trump’s tariffs kick in NPR | Inflation remains elevated as Trump’s tariffs take hold Financial Times | Tariffs are generating inflation Axios | Key Consumer Price Index gauge rises as Trump trade war weighs The Times | Trump tariffs push up core US inflation ### Tariffs Cost US is a new campaign dedicated to providing the public with reliable, comprehensive information about global trade and tariffs, and their impact on both businesses and consumers. |
