Analysts: Can't contain the impact of tariffs? U.S. inflation is expected to accelerate in June

After months of low inflation, U.S. consumers may have experienced a slight acceleration in price increases in June as companies began to pass on tariff-related increases in the cost of imported goods to consumers, according to some analysts. Prices of goods and services, which are not expected to include volatile food and energy costs, rose 0.3 percent in June, the biggest increase in five months, according to an agency survey of economists. Core CPI rose just 0.1 percent in May. While next Tuesday's report may only show that the cost of U.S. import tariffs is passed on slightly to consumers, many economists expect inflation to gradually pick up as the year progresses. At the same time, many businesses are hesitant to raise prices because US consumers are more focused on moderation after the job market cools. This is a delicate balance.