good morning! It’s Daniel de Vis with your daily money.
In recent months, critics of President Donald Trump’s tariff campaign have been hampering an unwelcome rise in inflation. That moment may have arrived.
Prices rose 2.7% over the 12 months between June and June, the Ministry of Labor said on Tuesday. As many predictors have predicted, this is the highest annual inflation rate since February, and a sign that Trump’s import tax could ultimately raise consumer prices.
Here’s a breakdown of where prices are rising:
Gen Z posts side hustles
From Monday to Friday, Cindi Dionicio snoozes at at least one of the 3:30am alarms before awake. She packs Victoria’s secret tote bags for her dental reception work later that day. But first there is a 15-minute drive to Dunkin’ Donuts, where she works in the opening shift.
Gen Z employees are increasingly choosing to participate in multiple jobs and side gigs. Some people have filmed their Tiktok experiences.
Increased cost of eating out
According to the latest views on June menu prices changes by Toast, dinner for family and your next date meals may cost a little more.
In June, median prices for premium cup coffee, cold brews, beer and burgers are all creeping up.
Is something cheaper?
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
