inflation, Trump and tariffs
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Wholesale inflation in May came in lower than economists projected as price pressures from President Donald Trump's tariff policies again failed to show up in the economic data.
GoodRx tracked how inflation is hitting consumers across different budget categories, including prescription medications.
As inflation holds steady, many economists anticipate potential price hikes in consumer goods in the months ahead as tariffs take effect.
U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.
Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
New data reveals where inflation is hurting consumers most. Discover which goods and services are seeing the biggest price hikes.
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
A cooling of inflation in recent months has put some investors at ease, but should the numbers start to rise again, financial advisors can prepare their investments and get ahead of client questions.
A months-long streak of cooler inflation trends continued in May, the Bureau of Labor Statistics said on Wednesday. Why it matters: Many economists project that President Trump's tariffs will reignite inflation this year,
Inflation was more moderate than economists anticipated in May on fears of President Donald Trump’s tariffs raising prices on a wide range of products.
Annual inflation rose to a 2.4 percent pace in May, suggesting President Donald Trump’s tariffs have yet to drive up the cost of everyday products.