BlackRock: US CPI shows tariffs are gradually pushing up prices, but most of the impact is yet to come
Glenn Purves, global head of macro research at BlackRock Investment Institute, said that the core CPI in the United States in June was lower than expected, but there are increasing signs that tariffs have pushed up some prices. The May CPI report has already shown an increase in prices of household appliances driven by tariffs, and this situation is continuing. "We are now seeing early signs of price increases in entertainment products such as video and audio equipment." He believes that most of the impact has not yet arrived, and after companies exhaust their inventories built to cope with tariffs, the impact will intensify. Due to pressure from goods and services, the inflation rate is likely to remain above the Federal Reserve's 2% target. Who will ultimately bear the cost of tariffs: consumers, businesses, or exporters, this will be the key. (FXStreet)
