Inflation in the United States again showed signs of upward pressure. In June, the Consumer Price Index (CPI-U) increased by 0.3% compared to the previous month. With this increase, the year-over-year price increase reached 2.7%, according to the report published by the Bureau of Labor Statistics (BLS).

This monthly increase, more pronounced than the 0.1% recorded in May, reflects a rebound in several key sectors, such as housing, food, and energy. In particular, the housing index rose 0.2% in June, becoming the main driver of the overall increase in the index.

In the energy sector, prices also rose. The energy index increased 0.9% for the month. Within this category, gasoline prices rose 1.0%, while electricity also rose 1.0% and natural gas rose 0.5%.

However, looking at the annual trend, the energy index shows a drop of 0.8%, with gasoline falling 8.3% and heating oil falling 4.7%.

Meanwhile, food prices registered a 0.3% increase in June. Products purchased in stores grew at the same pace, with notable increases in fruits and vegetables (+0.9%) and non-alcoholic beverages (+1.4%), with coffee rising 2.2%. On the other hand, dairy products fell 0.3%, and eggs registered a sharp drop of 7.4%.

The price index for food outside the home, which includes restaurants and fast food establishments, increased 0.4%. Over the past 12 months, food prices have risen 3.0%, with egg prices rising 27.3% and meat, poultry, fish, and eggs combined rising 5.6%.

Excluding food and energy prices, the core index rose 0.2% in June, after a 0.1% increase in May. Among the items that showed monthly increases were home furnishings (+1.0%), medical care (+0.5%), and recreation (+0.4%). Also up were apparel (+0.4%) and personal care (+0.3%).

In contrast, the cost of used cars fell 0.7%,New vehicle prices fell 0.3%, and airfares fell 0.1%. Lodging away from home prices declined significantly, down 2.9%.

On an annual basis, core inflation reached 2.9%. Among the largest increases were vehicle insurance (+6.1%), home furnishings (+3.3%), and medical services (+2.8%). Housing, in particular, rose 3.8% over the past twelve months.

Analysts had already anticipated a rebound in prices. Economists surveyed by financial data firm FactSet had forecast a 2.7% annual increase in June, which indeed came to pass. This figure represents the highest reading since February 2025, when the CPI reached 2.8%.

Furthermore, the 0.3% monthly increase is the highest since January and is in line with market projections. Headline inflation continues to be driven by essential goods and services, while the core inflation index, excluding food and energy, remains lower than expected (2.9% versus the 3% projected by FactSet).

Another point of concern is the potential impact of tariffs. Although headline inflation is currently under control, some experts warn that it could intensify in the coming months. Jerome Powell, chairman of the Federal Reserve, recently warned that tariffs could begin to put pressure on prices in the second half of the year.

This is especially relevant after President Trump announced new tariffs that will take effect on August 1, 2025. These tariffs would affect imports from more than 20 countries and could impact everyday products such as clothing, toys, appliances, and footwear.