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Inflation remains elevated as Trump's tariffs take hold

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The price of home furnishings rose in July, thanks in part to President Trump's tariffs. The overall cost of living rose 2.7% from a year ago, according to a report Tuesday from the Labor Department. (Getty Images)
The price of home furnishings rose in July, thanks in part to President Trump's tariffs. The overall cost of living rose 2.7% from a year ago, according to a report Tuesday from the Labor Department. (Getty Images)

This article was originally published on August 12, 2025.

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