Despite inflation and tariff worries, retail spending data from June shows Americans still shopping with gusto. Economists cite low unemployment, bargain hunting and tariff fatigue.

The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor economic data for signs of tariff-induced inflation.

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 ...

The June inflation figures were a modest acceleration from May, when overall prices were up 2.4 percent from a year earlier, and a bit hotter than forecasters had expected.

Inflation rose by three-tenths of a percentage point to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Tuesday in an update to the consumer price index.