Reported about 10 hours ago
In the latter half of 2025, inflation is anticipated to rise significantly as tariffs enacted by President Trump impact consumer prices. Economists forecast a peak inflation rate of around 3.4% in Q3, up from 2.5% earlier, with some warnings of potential stagflation as increased costs from tariffs pile onto already strained household budgets. The exact trajectory of inflation remains uncertain, raising concerns about whether it will be a temporary spike or lead to ongoing price increases.
Source: YAHOO