June CPI Shows Early Tariff-Driven Inflation Signs
Sevens Report says tariff pressures may be emerging in inflation data
Tariff Impact Starts to Show in June CPI Report
TARIFFS START TO BITE?
June’s CPI data came in mostly as expected — but Sevens Report flagged one critical detail: tariff price pressures may already be appearing.
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Headline CPI: +2.7% YoY (vs. 2.6% est.)
Driven by higher energy costs from Middle East tensions. -
Core CPI: +2.9% YoY (in line with forecast)
But up from May, suggesting an uptick that caught investors’ attention.
“There was enough in this report to keep alive concerns that tariffs will stoke inflation.” — Sevens Report
While the report doesn’t eliminate hopes for a Fed cut later this year, September is now far less likely.
Markets were flat at first — but as investors digested the data, stocks began to slip.
Bottom line: This CPI report was “no worse than feared,” but it’s the first real sign that Trump’s tariff policies are starting to ripple through prices — and the next wave of duties is just weeks away.
Also, click here to view the full article published in agweb.com on July 16th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.
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