US inflation didn’t rise as much as expected in July, despite tariff rollout

Inflation didn’t rise as much as expected last month — but a measurement of underlying price hikes shows a pickup in tariff-related pressures.

Consumer prices rose 0.2% in July, keeping the annual inflation rate at 2.7%, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.

CNN business and politics correspondent Vanessa Yurkevich goes over the report and speaks with Omaha Beef CEO Nate Rempe on what this may mean for their prices. CNN’s Jessica Dean speaks with Axios senior markets reporter Madison Mills. #CNN #News