Reuters analysts expect US inflation to accelerate in June

Experts surveyed by Reuters suggest that American consumer prices likely rose in June. The US Labor Department's report is expected to show increased gasoline prices and higher costs for some tariff-sensitive goods last month. 

Economists cited by the news agency believe price pressures in the US will start increasing this summer and continue through the end of 2025. Analysts say inflation is reacting slowly to the tariffs imposed by President Donald Trump. Many businesses are still selling stock accumulated before the duties came into effect.

According to a Reuters poll, the US Consumer Price Index (CPI) rose 0.3% last month. In May, it had increased by just 0.1%. Experts predict that year-over-year inflation in the country accelerated from 2.4% to 2.7% in June.

Meanwhile, analysts expect the Federal Reserve (Fed) to keep interest rates unchanged at its meeting later this month.

Citigroup economists suggest the Fed could cut borrowing costs in September, as US service sector inflation remains mild. This shows that rising goods prices aren’t fueling broad inflationary pressure across the economy.