Inflation moved up in June, but tariffs weren’t the trigger.
The Consumer Price Index rose 0.3% month-over-month, matching forecasts and doubling May’s 0.1% print. Year-over-year, CPI hit 2.7%, the highest since January. Core CPI, which excludes food and energy, climbed 0.2% on the month and 2.9% on the year. That’s …