As he prepares to screw up with Putin, Donald Dumb is dispatching the military to Washington DC as a a diversion from the underage sex scandal of Epstein of whom Donald Dumb was an associate and a friend. He even offered Epstein a job in his administration, according to Epstein's butler.
Meanwhile, his haphazard economic ups and downs with tariffs on, then off, then back again are wreaking havoc on the world's economy. Experts assert that Trump's economic meanderings are causing much worse panic across the world than the Covid pandemic. Perhaps, Pfizer could come up with an anti-Trump mRNA vaccine.
Inflation has risen to a 6-months high, i.e. as a direct consequence of the arrival of the Orangutan in the White House. I am rooting for senile dementia to move faster in Trump's brain before he turns the US into an ungovernable white supremacist cesspool of racism, violence, and decline.
The numbers below are from the Bureau of Labor Statistics. I wonder which statistician will be beheaded by the Henchman-in-Chief for the bad inflation numbers. It's never his own policies; it's always someone else to blame.
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Inflation rises by most in six months, stoking tariff-driven price concerns
Inflation ticked higher in July, according to new government data released Tuesday as investors stay alert to how much President Trump’s tariffs are starting to affect consumer costs.
The latest data from the Bureau of Labor Statistics showed that "core" inflation, which excludes volatile food and energy costs, rose 3.1% over the past year in July, ahead of June's 2.9% increase and an indication that rising goods inflation is no longer being offset by easing services inflation.
Monthly core prices increased 0.3%, also surpassing the prior month's 0.2% uptick and marking the largest gain in six months. Heading into the report, economists had expected core CPI to rise 3.0% year over year and 0.3% month over month.
On a headline basis, the Consumer Price Index (CPI) increased 2.7% on an annual basis in July, matching June's number and slower than economist expectations of a 2.8% rise. Month over month, prices rose 0.2% compared to June's 0.3% increase, on par with economists' estimates. The monthly drop was driven by lower gasoline prices and moderately softer food inflation.
Tuesday's report arrives amid ongoing trade developments that could further alter the US effective tariff rate, now hovering near 18.6% — the highest since 1933, according to the latest Yale Budget Lab estimate.
Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.
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