July's Consumer Price Index (CPI) is expected to show prices rose at a faster clip annually compared to June. The report, due Tuesday at 8:30 a.m. ET, comes as investors stay alert to how much President Trump’s tariffs are starting to affect consumer costs. According to Bloomberg data, headline CPI is expected to have increased 2.8% year over year in July, up from a 2.7% rise in June. On a monthly basis, prices are forecast to increase 0.2%, a slight slowdown from June’s 0.3% gain, driven by lower gasoline prices and expectations of moderately softer food inflation. On a "core" basis, which strips out volatile ... (full story)