Mike Walden N.C. State Economics Professor Emeritus

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs. Mike Walden, N.C. State Economics Professor Emeritus, joined Jeff Hamlin to discuss the latest numbers.