Inflation held steady in July as President Donald Trump ’s sweeping import tariffs took a toll on some U.S. consumer prices.

An underlying inflation measure accelerated more than expected as prices of some goods typically imported from China, such as furniture and video and audio products, rose sharply. Others, including apparel and toys, rose more modestly.

Some economists said the numbers won't be enough to keep the Federal Reserve from cutting interest rates next month.

Prices overall increased 2.7% from a year earlier, similar to June, according to the Labor Department’s consumer price index, a measure of average changes in goods and services costs.

On a monthly basis, costs increased 0.2% after rising 0.3% the previous month. Need a break? Play the USA TODAY Daily Crossword

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