TradeTax & BudgetEconomy
August 12, 2025July CPI shows inflation climbing as Trump tariffs hit prices
Coffee up 33%, beef up 11-13% as trade war taxes hit families
The July 2025 Consumer Price Index shows inflation at 2.7% annually with core inflation at 3.1%
Core inflation accelerated to the fastest pace in five months
Coffee prices are up 33% and ground beef is up approximately 11-13% since last year
Airline fares jumped 4% in July alone
Gas prices fell 10.3% due to domestic energy deregulation
Trump's tariffs average 17-21% and are starting to affect consumer costs across imported goods
Biden reduced inflation from a 9.1% peak in June 2022 to 2.7% before Trump took office in January 2025
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