Nonilex@Nonilex@masto.ai
#Trump’s more punishing #tariffs on individual countries went into effect on Aug. 7 so will not be reflected in the July data.
Businesses have managed to avoid passing along price increases because of a strategy earlier in the year to stockpile goods that were likely to be subject to Trump’s levies. Many companies have also sought to absorb the #costs themselves in order to avoid driving away customers, some of whom are increasingly under financial strain.
#economy #CPI #inflation
Nonilex@Nonilex@masto.ai
But July data showed more businesses reaching a tipping point, left with little option but to raise #prices following June’s notable uptick. The biggest impact has been concentrated in categories such as furniture, appliances & other household wares, as well as recreation goods & footwear.
Car price increases have stayed relatively subdued as carmakers have shielded their customers from #Trump’s #tariffs rather than forcing them to bear the brunt of the higher #costs.
#economy #CPI #inflation
