Consumer prices remain elevated at 2.7%, core inflation rises to 3.1%

Cypress said:

Inflation remains elevated as Trump's tariffs take hold, consumers will likely continue paying more​


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.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.


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Yaaaaaawwwwnnnn.....

General Wage Increases:
  • Average Projected Increase:
    Employers are projecting average salary increase budgets of 3.7% to 3.9% for 2025, according to various surveys.
  • Industry Variations:
    Some industries, like science, engineering, and government, are expected to see higher increases (above 4%), while others, like retail and customer service, may see smaller increases.
"

usafacts.org

Are wages keeping up with inflation? | USAFacts

Yes. From June 2024 to June 2025, wages grew 0.7 percentage points faster than inflation. Nominal wages — the literal dollars earned regardless of cost of living — increased by 3.4% while inflation stood at 2.7%. When wage growth outpaces inflation, it indicates that workers are experiencing an...
usafacts.org usafacts.org
 
Trump controls the Bureau of Labor Stats now, so unemployment will be whatever he says. Like drug prices, which Trump said would go down as much as 1500 percent, so inflation and unemployment will be reported as gone.
 
Nordberg said:
Trump controls the Bureau of Labor Stats now, so unemployment will be whatever he says. Like drug prices, which Trump said would go down as much as 1500 percent, so inflation and unemployment will be reported as gone.
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Yeah, as oppopsed to the Biden-appointee overestimating jobs under Biden by 1.5 million his last two years.
 
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