The widespread definitions implemented by the Trump administration now pay consumer prices up, as detailed in the Yahoo financing report. The consumer price index increased by 2.9 % in August one year ago, rushing from the previous month and putting the fastest rate of inflation since January. This increase is due to the definitions that the economy nominates after a period of delay.
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The imported goods have witnessed some of the holiest prices. Data from the Indexbox platform confirms that the sectors that depend on global supply chains are witnessing great costs. For example, the price of non -roasted coffee beans, which are imported primarily from Brazil and other Latin American countries, increased by 21 % in August after a 50 % tariff. Other products with prominent increases include audio equipment (+12 %), home furniture (+10 %), banana (+6.6 %).
According to the last “Beige Book” survey, the high -level tariff prices were visible throughout the United States in August. The companies that initially absorbed the costs or were stored in the stock now began to transfer these expenses to consumers. Home Depot, Macey’s and Nikon are among the companies that have announced price increases for some commodities because the definitions are fully implemented. The White House mentioned that inflation is still low and that President Trump’s policies are strengthening the economy, noting that the consumer price index is tracking at an annual rate of 2.3 % since he took office. However, economists warn that passing the costs of customs tariffs gradually and is likely to continue, which puts more financial pressure on families, especially with the slowing of wage growth.
Source: Indexbox Market Intelligence
