Reported 3 days ago
The Consumer Price Index (CPI) report for May is anticipated to show a slight increase in inflation, with predictions of rising prices driven by ongoing tariff impacts. Forecasts suggest a rise in headline inflation from 2.3% in April to 2.4% in May, while core inflation, excluding food and energy, is expected to edge up from 2.8% to 2.9%. This report reflects the ongoing effects of President Trump's tariffs, with significant rates still applied to Chinese goods and certain industries. Analysts are cautiously monitoring these developments, as tariffs may continue to influence consumer prices in the coming months.
Source: YAHOO