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Inflation heats up in June as President Trump's tariffs start to bite

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Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨Pro@reddthat.com⁩ to ⁨economics@lemmy.world⁩

https://text.npr.org/nx-s1-5468293

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  • whyrat@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Reminder that the amount of data collected in the underlying data has decreased (not “officially” due to budget cuts, but … there have been budget cuts and staffing reductions): www.bls.gov/cpi/…/collection-reduction.htm

    Perpetual reminder to watch other related measures: PPI (too be released later this week) and CPE (to be released in a couple weeks). I expect all 3 to continue to increase if current political and market conditions don’t change.

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