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BlackRock: US CPI Shows Tariffs Gradually Pushing Up Prices, Most Impact Yet to Come
Summary: According to sources, BlackRock Investment Institute's Global Head of Macro Research, Glenn Purves, stated that the US core CPI in June was lower than expected, but there are increasing signs that tariffs are driving some price increases. The May CPI report already showed tariff-driven price increases in household appliances, a trend that is continuing. Early ...
According to sources, BlackRock Investment Institute's Global Head of Macro Research, Glenn Purves, stated that the US core CPI in June was lower than expected, but there are increasing signs that tariffs are driving some price increases. The May CPI report already showed tariff-driven price increases in household appliances, a trend that is continuing. Early signs of price increases in entertainment products such as video and audio equipment are also being observed. Purves believes that most of the impact is yet to come, and the effects will intensify once companies deplete their inventories built to cope with tariffs. With pressure from goods and services, the inflation rate is likely to remain above the Federal Reserve's 2% target. The key question of who will ultimately bear the cost of tariffs - consumers, businesses, or exporters - remains crucial.
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Link: BlackRock: US CPI Shows Tariffs Gradually Pushing Up Prices, Most Impact Yet to Come [Copy]
