Tag Archives: US consumer inflation

Tariffs on Chinese goods would seem to be having little impact on some retail prices so far.US core inflation (excluding energy and food prices) remains relatively muted, slowing slightly to 2.1% y-o-y in October, from 2.2% in September. The average over the past year is 2.1%.To some degree, the surprise was that prices did not increase more, especially given fresh tariffs on Chinese imports. In late September the Trump administration imposed a 10% tariff on roughly USD200 billion of Chinese...

Leaving aside energy prices, there was only modest upward pressure on inflation in May.Rising energy prices continued to push up US inflation in May, but excluding this volatile category, underlying inflationary pressures remained tame, in contrast with the very solid labour market and above-potential GDP growth. This modest inflation picture is echoed by still-soft wage growth (below 3% y-o-y) and well-anchored consumer inflation expectations. In other words, there are still no signs that...