Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump’s tariffs.
Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.
Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.
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