Economics
Tariffs Lurk Around Corner After U.S. Inflation Tame in June
- Fed watching trade war for effects on economic outlook
- Economist sees tariffs boosting core CPI by up to 0.6%
This article is for subscribers only.
A lull in U.S. consumer inflation in June may prove temporary, as the White House ramps up plans to impose tariffs on Chinese goods and trucking costs soar.
The Consumer Price Index rose 0.1 percent from the prior month, less than projected and restrained by falling utility prices and a record decline in hotel costs, Labor Department data showed Thursday. While that was slower than the 0.2 percent rise in May, inflation on an annual basis picked up slightly. What’s more, the 2.3 percent gain in the core gauge -- which excludes food and energy costs -- roughly matched the fastest pace of this expansion.