Consumer prices in the New York area, including Long Island, rose at a faster pace in June than in May, driven in part by higher costs for child care, housing and groceries, such as meat and eggs.

Monthly housing inflation diminished in June, but was the primary factor in the increase in the headline consumer price index nonetheless. The index for shelter rose 0.2% month over month in June, a bit weaker than the 0.

Yesterday's inflation data show early signs of tariff-induced price growth. Here's what that means for prospective homebuyers.

Headwinds for mortgage rates arrived Tuesday in the form of rising inflation, which likely ends the faint hopes of a Fed rate cut in July.

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures. Consumer prices rose 2.7% in June from a year earlier,