Analysis: Tariff impact may be apparent, US inflation data expected to accelerate in June

On July 13, analysts suggested that after several months of low inflation, the price increase experienced by US consumers in June might slightly accelerate, as businesses begin to pass on rising import costs related to tariffs to consumers. A survey of economists indicates that core prices for goods and services, excluding volatile food and energy costs, are expected to rise 0.3% in June, the largest increase in five months. The core CPI rose only 0.1% in May. Although next Tuesday's report may only show a slight pass-through of US import tariff costs to consumers, many economists anticipate that inflation will gradually rise over time. Meanwhile, many retailers are hesitant to raise prices, and US consumers are more focused on spending restraint following a cooling job market, creating a delicate balance.