Tariffs Catch-All

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Inflation remains elevated as Trump's tariffs take hold

Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.

 
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NPR

President Trump's executive order extends a reprieve from the threat of rising tariffs between the world's two largest economies.
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It’s TACO Tuesday!
 
Anyway, I was tied up today helping my sons get moved into his apartment, so don’t have a chance to post much.

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ZenMode said:
Inflation remains elevated as Trump's tariffs take hold

Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.

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And it’s going to get worse unless TACO.
 
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