Falling gas prices helped keep overall inflation tame in July; however, a broader array of products got even more expensive last month, showing that President Donald Trump’s expansive tariffs are being passed along to consumers.

Consumer prices rose 0.2% in July, keeping the annual inflation rate at 2.7%, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.

Stocks were higher on Tuesday. The Dow rose 480 points, or 1.09%. The S&P 500 rose 0.73% and the Nasdaq Composite gained 0.72%.

“We have seen moderate inflation over the last year … certainly, prices are not going up nearly as quickly as they were a few years ago,” Gus Faucher, senior vice president and chief economist at PNC Financial Services Group, told CNN in an interview. “But I d

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