<ul data-eligibleForWebStory="false"><li>Consumer prices likely rose 2.6% last month from a year ago, with a monthly increase of 0.3%, the largest since January.</li><li>Worsening inflation poses a political challenge for President Trump, who promised to lower costs, and could impact the Federal Reserve's interest rate decisions.</li><li>Excluding food and energy, inflation is forecasted to have risen 3% in June from a year earlier.</li><li>Although tariffs imposed by Trump have not significantly raised inflation yet, some companies are increasing prices in response, while others are waiting to assess trade deals before raising prices.</li></ul>

US inflation likely worsened last month as Trump's tariffs start to bite

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