Tariffs, inflation
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Prices for major appliances jumped in May, and new tariffs backed by former President Donald Trump are expected to push them even higher as manufacturers face rising costs for foreign-made materials.
Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing, or
Prices for major appliances surged 4.3% in May largely due to rising manufacturing costs from tariffs. Costs could go up even more later in the year.
U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher housing costs, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
Inflation likely picked up in May, but not by much. A modest increase in the consumer price index won’t influence the Federal Reserve’s interest-rate policy, but could provide an early gauge of the impact of higher tariffs on prices for goods and services.
3don MSN
U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase
U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures.
Consumer sentiment improved more than expected in June, indicating a swell of optimism as President Donald Trump rolled back some tariffs in recent weeks.
Key Takeaways A new survey found six in ten consumers wouldn’t pay more than 10% in additional costs on products impacted by tariffs.Younger consumers were more likely to cut their budgets, purchase items before tariffs take effect,
The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors.