Bank of Japan Governor Kazuo Ueda said on Tuesday the country's underlying inflation was still "somewhat below" the central bank's 2% target.

Euro-area inflation settled at the European Central Bank’s target in June, strengthening arguments to press pause on a year-long campaign of interest-rate cuts.

Critics of President Trump's tariff policies have been waiting for the import taxes to raise the inflation rate. That effect may be beginning.

Consumer inflation accelerated in June, as the Trump administration's tariffs start to push up prices. The Labor Department's consumer-price index showed year-over-year inflation picked up to 2.7% ...

Core inflation excluding volatile food and energy prices was 2.9%, also in line with forecasts.

The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.

Metro Phoenix continues to have the lowest inflation of any major U.S. city. The 0.2% climb in consumer prices here compares to 2.7% for the nation.

Euro zone inflation had fallen by more than expected to 1.9% in May. Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3% in June.