Reported 1 day ago
In May, inflation remained steady at 2.4%, with consumer prices rising only 0.1% from the previous month, contrary to expectations of significant increases due to President Trump's tariffs. This mild inflation, close to a four-year low, raises questions about future price hikes anticipated this summer, as many economists and businesses remain uncertain about consumer demand's ability to absorb these costs. Analysts suggest that the lack of immediate tariff impacts could be attributed to factors such as businesses' preemptive inventory buildup and a weaker demand environment.
Source: YAHOO