Analysis: The impact of tariffs may be apparent, and U.S. inflation data is expected to accelerate in June
2025-07-13 07:52:42
After months of low inflation, U.S. consumers may have experienced a slight acceleration in price increases in June as companies began to pass on tariff-related increases in the cost of imported goods to consumers, some analysts said. Prices of goods and services, which are not expected to include volatile food and energy costs, rose 0.3 percent in June, the biggest increase in five months, according to an agency survey of economists. Core CPI edged up just 0.1 percent in May. While next Tuesday's report may only show the cost of U.S. import tariffs being passed on slightly to consumers, many economists expect inflation to gradually pick up over time. At the same time, many businesses are hesitant to raise prices, and American consumers are paying more attention to consumption moderation after the job market cools, forming a delicate balance. (Jin Ten)
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