The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

Prices for toys, car parts and major appliances jumped in the US last month, but the overall impact of Donald Trump's new tariffs on consumers remained relatively muted. Inflation, the pace of price increases,

Expected price hikes from a wave of US tariffs on global trade have yet to meaningfully show up in government inflation data, but economists warn that increases may be close.