(CNN) -- Inflation didn't rise as much as expected last month -- but a measurement of underlying price hikes shows a pickup in tariff-related pressures.

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.

Economists had expected inflation to heat up slightly last month, to 0.2% from June and by 2.8% annually, according to FactSet.

This story is developing and will be updated.

The-CNN-Wire

™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.