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Analysis: Impact of Tariffs Likely to Emerge, Accelerated US Inflation Expected in June
Summary: According to sources, analysts suggest that after several months of low inflation, US consumers may experience a slight acceleration in price increases in June, as businesses begin passing on the rising costs of imported goods related to tariffs to consumers. Surveys of economists by institutions indicate that prices of goods and services, excluding volatile food ...
According to sources, analysts suggest that after several months of low inflation, US consumers may experience a slight acceleration in price increases in June, as businesses begin passing on the rising costs of imported goods related to tariffs to consumers. Surveys of economists by institutions indicate that prices of goods and services, excluding volatile food and energy costs, are expected to rise by 0.3% in June, marking the largest increase in five months. The core CPI in May only rose by 0.1%. While next Tuesday's report may only show a slight pass-through of US import tariffs costs to consumers, many economists anticipate that inflation will gradually pick up over time. Meanwhile, many businesses are hesitant to raise prices, as US consumers are focusing more on consumption restraint following a cooling job market, creating a delicate balance.
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Link: Analysis: Impact of Tariffs Likely to Emerge, Accelerated US Inflation Expected in June [Copy]
