Charting the Global Economy: Tariffs Trickling to US Consumers
Shoppers and a delivery worker on Broadway in the Soho neighborhood of New York.
Photographer: Alan Chin/BloombergThe latest report on US inflation was the clearest sign yet that tariffs are starting to boost costs of commonly imported consumer goods, while a decline in car prices kept overall inflation in check.
It’s the last readout of inflation before Federal Reserve officials meet at the end of this month. Policymakers are still divided as to whether tariffs will cause a one-time hit to prices or an enduring inflationary risk.