A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.

President Donald Trump is returning to an old tactic as he tries to move his base past the uproar over his administration’s refusal to name Jeffrey Epstein’s alleged co-conspirators.As the president faces a sustained rebellion among some of his most loyal MAGA influencers,

Inflation has remained a thorn in the side of American consumers, with prices continuing to climb in key sectors. Despite former President Donald Trump’s promises to lower inflation starting from his first day in office,

“Don’t do it,” the board wrote about Powell’s potential firing. “...Love or loathe Mr. Powell, Mr. Trump chose him. Mr. Trump also chose the tariff taxes, and a multitude of no-growth tax and spending handouts in the new budget bill. Now the President has to live with his choices,” it continued.

The acceleration in the CPI reading is bad news for President Donald Trump, who is pushing for the Federal Reserve to cut interest rates and stimulate the economy. The Fed's Board of Governors has so far resisted cutting rates to see how Trump's tariffs affect prices, concerned that summer would see a spike in inflation.