US inflation from tariffs that economists feared begins to emerge
150d ago
World
Al Jazeera
U.S. consumer prices rose in June at the fastest pace in five months, signaling the potential emergence of inflation linked to tariffs. The increase was driven by higher costs for certain goods, raising concerns among economists who had predicted this inflationary pressure as a consequence of trade policies. The data suggests that tariffs imposed on imported goods are beginning to impact the prices paid by American consumers, potentially eroding purchasing power and impacting overall economic growth. Further monitoring of inflation trends will be crucial in assessing the long-term effects of these tariffs.