US inflation rebounded in June to highest level in four months

US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch.

Consumer prices rose 0.3% last month, pushing the annual inflation rate higher to 2.7%, the highest since February, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.

Tuesday’s data came right in line with what economists were expecting, as gas prices rose for the first time in five months and other prices increased in key services and goods categories...