The widespread tariffs implemented by the Trump administration now increase consumer prices, as described in a report from Finance Yahoo. The consumer price index rose 2.9 percent in August in August and accelerated the previous month and showed the fastest inflation rate since January. This increase is attributed to filtered tariffs through the economy after a delay period.
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Imported goods have severely observed some of the most severe prices. The data on the Indexbox platform confirms that parts of the global supply chains experience significant costs. For example, the price of brown beans undoubtedly rose 21 % after a 50 % tariff in August. Other products with significant increases included audio equipment (12 %), home furniture (10 %+) and banana (6.6 %).
According to the latest Federal Reserve Beige Book survey, the price increase in tariff prices was visible throughout the United States in August. Companies that initially attracted costs or gathered inventory are now starting to transfer these costs to consumers. Home Depot, Macy’s and Nikon are among the companies that have announced the price increase of some goods because tariffs are fully affected. The White House stated that inflation is still low and that President Trump’s policies are increasing the economy, pointing out that CPI is pursuing 2.3 % annually since its tenure. However, economists warn that crossing tariff costs will continue to continue and possibly continue to put more financial pressure on households, especially with the slowdown in wage growth.
Source: Indexbox market information platform
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