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BlackRock: US CPI Shows Tariffs are Gradually Driving Up Prices, with Most of the Impact Yet to Come
By: theblockbeats.news|2025/07/16 12:52:02
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BlockBeats News, July 16th: BlackRock Investment Institute's Global Head of Macro Research, Glenn Purves, stated that the U.S. core CPI increase in June was lower than expected, but there are increasing signs that tariffs have driven some price hikes. The May CPI report had already shown price increases in household appliances driven by tariffs, and this trend is continuing. Purves mentioned, "We are now seeing early signs of price increases in entertainment products such as video and audio equipment." He believes that most of the impact is yet to come, and after companies deplete the inventory built up to deal with tariffs, the impact will intensify. Due to pressure from goods and services, the inflation rate is likely to remain above the Fed's 2% target. Who will ultimately bear the cost of tariffs: consumers, businesses, or exporters? That will be key. (FXStreet)
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