US prices continued rise in July as Trump tariffs impact consumer costs
GuardianAUG 2025
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Core inflation jumped to its highest level in months, signaling tariff costs are starting to hit consumers through higher prices for furniture, appliances, and services. Goldman Sachs estimates businesses will pass more tariff costs to consumers in coming months, potentially pushing inflation toward 3.8% by year-end. The Fed faces a difficult choice between supporting employment and controlling rising prices.
There is a 41% chance that the 12-month percentage change in the US Consumer Price Index will be lower in November 2025 than it was in November 2024, according to the Metaculus prediction community.
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