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.

New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.

Trump’s campaign tapped into Americans’ frustration with high prices, which he vowed to bring down. But that promise clashes with another pledge: to use tariffs to shrink the US trade deficit, reshore manufacturing,