U.S. food inflation has cooled sharply from its pandemic-era peak — but the latest data come with an unusual warning label.
Data & financial journalist covering global economics and policy
U.S. food inflation has cooled sharply from its pandemic-era peak — but the latest data come with an unusual warning label.
In 2025, the U.S. economy didn’t simply cool or rebound but changed in ways that were visible in the data itself.
A shutdown distorted inflation, tariffs reset global trade, U.S. debt buyers quietly swapped places, and food prices surged. I pick five charts that captured how policy and politics reshaped the American economy in 2025.
In June 2025, foreign official institutions drove a $80 billion net inflow into U.S. Treasuries, with the U.K. recording the largest one-month increase among major holders.
U.S. trade deficit shrank to $60.2B in June 2025, the lowest since Sept. 2023, driven by falling imports and rising tariff uncertainty.