New Republic - Inflation did come down for a few months after Trump entered office, from 3 percent in January to 2.3 percent in April. Since then, however, it’s been rising, and on Tuesday the Bureau of Labor Statistics reported that in June the Consumer Price Index was back up to 2.7 percent, which is where it stood on Election Day. More alarmingly, inflation rose three times faster in June than it did in May, and the consensus among economic experts is that Trump’s tariffs are the reason.
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