US inflation ticked up in June in a possible sign that President Trump’s tariffs are starting to sting.

The Consumer Price Index rose 2.7% in June from the year before, matching economists’ expectations but coming in above the previous month’s 2.4% reading, the Bureau of Labor Statistics said Tuesday.

Core CPI, which excludes volatile food and energy prices, gained 2.9% from a year earlier, above the previous month.

On a month-to-month basis, headline inflation rose 0.3%, in line with forecasts but above the previous month’s 0.1% jump.

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