analysts said that after several months of low inflation, the price increase experienced by American consumers in June may accelerate slightly, as companies begin to pass on the increased costs of imported goods related to tariffs to consumers. Surveys of economists by institutions show that prices of goods and services, excluding volatile food and energy costs, rose by 0.3% in June, the largest increase in five months. The core CPI in May rose only slightly by 0.1%. Although next Tuesday's report may only show a slight pass-through of the cost of U.S. import tariffs to consumers, many economists expect inflation to gradually rise as time goes on. Meanwhile, many businesses are hesitant to raise prices, as American consumers are more focused on consumption restraint after the cooling of the job market, creating a delicate balance. (Jinshi)
All Comments