The annual inflation rate in the United States rose to 2.7% in June—its highest level since February, according to the U.S. Labor Department's consumer price index (CPI) data released on July 15. The increase is driven by higher housing costs and higher prices for essential items like gas and groceries.

The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year. The CPI was forecast to rise 2.7% last month, higher than last month's rate of 2.4%, according to economists polled by financial data firm FactSet.

U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts.

The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.

The Producer Price Index (PPI) for final demand was flat in June, following a 0.3% rise in May and a 0.3% drop in April.   A 0.3% increase in goo

Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.

The report on producer prices adds to a mixed picture for inflation as the economy adjusts to the imposition of import tariffs.

Inflation climbed in June, driven by a 3 percent rise in the food index. Inflation climbed in June, driven by a 3 percent rise in the food index. Consumer prices rose 2.7% on an annual basis in June compared to the 2.

Take a look at how various financial markets are trading after the release of June's consumer-price index: Treasury yields, the dollar, oil and gold.