Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.

Cooling inflation in India and tariff-induced price pressures in the U.S. are cementing a downward bias on dollar-rupee forward premiums, according to analysts.

Consumer prices rose 2.7 percent in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4 percent in May.

As inflation begins to creep up, once again, the White House has doubled down on its tariff plan, claiming the savings are just around the corner.

U.S. inflation accelerated in June as the President's tariffs hit the economy and drove prices higher across multiple sectors.