Household budgets could feel a tighter squeeze with new round of tariffs

RICHMOND, Va. (WWBT) – A recent Consumer Price Index report shows inflation didn’t decrease in July, but it didn’t get better either, in fact experts say it’s picking up at a faster pace.

“That’s just going to put the further squeeze on household budgets that have already be strained by several years of outsized inflation and prices that remain very high,” Greg McBride Chief Financial Analyst for Bankrate, said.

He said ideally inflation should go up about 2% per year…

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