tariffs, inflation and consumer price index
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3hon MSN
US wholesale inflation remained flat in June, despite concerns over President Trump's tariffs. The producer price index showed a 2.3% year-on-year increase, the smallest since September. While some sectors saw tariff impacts,
Wholesale inflation in June, as measured by the producer-price index, surprised to the downside “as lower hotel rates and airfares offset tariff effects,” according to Comerica Bank’s chief economist,
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CNET on MSNYour Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset CostsExperts predict near-term price instability for EVs and other vehicles due to Trump's tariffs, with potential leveling by 2027. Here's what you can do now if you're in the market to buy.
President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.
New car prices have remained relatively stable despite tariffs in the U.S. and Canada, but that could still change
Both the S&P 500 (.SPX) and Nasdaq (.IXIC) - and by extension, MSCI's world equities index (.MIWD00000PUS) - retreated from record peaks after traders shaved back bets of U.S. rate cuts this year as prices rose for things such as coffee and couches, while staying steady for tariff-exempted (for now) items such as cars.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Prices on many models have crept up. But the average marketed price industrywide is flat, at about $49,700, according to Cloud Theory, which tracks car inventory on dealer websites across the country.
Worsening inflation poses a political challenge for Trump, who as a candidate, promised to immediately lower costs, but instead has engaged in a whipsawed frenzy of tariffs that have jolted businesses and consumers.