(15 Jul 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Washington – 15 July 2025
1. SOUNDBITE (English) Chris Rugaber, The Associated Press:
++SOUNDBITE PARTIALLY COVERED++
"The June inflation report is out and it shows that prices are starting to rise for American consumers as President Donald Trump’s sweeping tariffs on nearly all imported goods are kicking in. We saw the price of furniture, appliances, clothing, shoes, sporting goods, and audio equipment all rose last month. Overall prices were up 2.7% in June compared with a year earlier and that’s an increase from the May figure of just 2.4%. Other things also went up last month, such as gas prices and groceries. Some items are increasing more slowly in price. So, for example, rents, which went up a lot after the pandemic, are increasing at a much slower pace, and that’s keeping a bit of a lid on inflation. But, economists say that without the tariffs, inflation would be even lower, and the Federal Reserve would be cutting interest rates right now and that would lower the cost of mortgages, car loans and credit cards."
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Joint Base Andrews, Maryland – 13 July 2025
2. STILL of US President Donald Trump speaking to the media (AP Photo shot by Jacquelyn Martin; ID: 25195016230942)
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Washington – 27 June 2025
3. STILL of US President Donald Trump speaking to the media (AP Photo shot by Jacquelyn Martin; ID: 25189580435087)
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ARCHIVE: New York – 5 December 2024
4. Pan of furniture in a store
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ARCHIVE: Pearl, Mississippi – 15 April 2025
5. Close of a person sifting through clothing rack
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ARCHIVE: San Francisco – 7 March 2022
6. Various of a gas station’s prices
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ARCHIVE: North Palm Beach, Florida – 11 April 2023
7. Various of shoppers in a grocery store
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ARCHIVE: Portland, Oregon – 21 May 2025
8. STILL of A "For Rent" sign displayed outside an apartment building (AP Photo shot by Jenny Kane; ID: 25141800723360)
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ARCHIVE: North Palm Beach, Florida – 11 April 2023
9. Close of a person paying for groceries
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ARCHIVE: Columbus, Ohio – 12 July 2023
10. Close of American flag
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ARCHIVE: Atlanta – 18 January 2024
11. STILL of credit cards (AP Photo shot by Mike Stewart; ID: 24236486938345)
STORYLINE:
Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.
Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.
Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs that have left businesses and consumers worried.
Trump has already declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates.
Yet the bump in inflation last month makes it more likely that the central bank will keep rates unchanged at the central bank’s next meeting in two weeks. Powell has said that he wants to see how the economy reacts to Trump’s duties before reducing borrowing costs.
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