June CPI inflation report: Which prices changed the most last month
Baked goods are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. (Photo by Ronaldo Schemidt /AFP via Getty Images)
Inflation in the U.S. rose last month to its highest level since February, reversing several months of cooling prices.
The cost of gas, food and groceries all rose throughout June.
CPI inflation report
By the numbers:
The Labor Department said that consumer prices rose 2.7% in June from a year ago, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.
Dig deeper:
The figures show that core inflation remains stubbornly above the Federal Reserve’s 2% target, which makes it less likely that the central bank will cut its key short-term interest rate. President Donald Trump has repeatedly urged the central bank to reduce borrowing costs.
Which prices increased?
Big picture view:
The cost of gas, food and groceries all rose throughout June. Tariffs are also pushing up the cost of a range of goods, including furniture, clothing and large appliances.
Which prices decreased?
Big picture view:
Prices of new vehicles and used cars and trucks fell slightly in June.
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Gas prices
By the numbers:
Gas prices increased by 1% last month.
Grocery prices
By the numbers:
Grocery prices rose 0.35% in the last month. Some items that saw the biggest prices jumps:
- Frankfurters +9%
- Instant coffee +5.1%
- Olives, pickles and relishes 4.9%
- Oranges and tangerines +3.5%
- Peanut butter +2.2%
- Beef +2%
- Frozen and refrigerated bakery products +1.8%
- Fresh cakes and cupcakes +1.6%
- Nonalcoholic drinks +1.4%
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Some grocery prices that decreased last month included eggs, by 7.4% – though the kitchen staple is still more than 27% more expensive than a year ago.
Other grocery items that got cheaper:
- Prepared salads -2.7%
- Ham -2.5%
- Lunchmeats -2.1%
- Cookies -1.7%
- Tomatoes -1.5%
- Frozen fish and seafood -1.4%
- Flour -1.2%
- Milk -0.7%
Trump’s tariffs
Big picture view:
Economists, businesses and government officials are waiting to see how the economy evolves as the tariffs take effect.
Trump has imposed sweeping duties of 10% on all imports, plus 50% levies on steel and aluminum, 30% on goods from China, and 25% on imported cars. Just last week the president threatened to hit the European Union with a new 30% tariff starting Aug. 1.
The Source: Information in this article was taken from government data released Tuesday, July 15, 2025, as part of June’s Consumer Price Index. This story was reported from Detroit.