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August 12, 2025

July CPI shows inflation climbing as Trump tariffs hit prices

CBS News
Caroline Fritz
Oecd
www.usinflationcalculator.com
Yahoo Finance
+5

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

📈Trade💵Tax & Budget💰Economy

People, bills, and sources

Donald Trump

Donald Trump

President of the United States

Jerome Powell

Federal Reserve Chairman

Joe Biden

Former President

What you can do

1

Monitor your household budget as tariffs function as 17-21% average sales tax on imports

2

Lock in fixed-rate loans before Federal Reserve potentially raises rates to combat inflation

3

Stock up on imported goods before additional tariffs take effect

4

Track real inflation at bls.gov to understand actual cost increases

5

Contact Congress at 202-224-3121 to oppose inflationary tariff policies

6

Diversify savings to protect against dollar devaluation from trade wars