Tariff-induced inflation pressure begins to recede in US – study
Lower effective levies are translating into slower consumer price growth, St Louis Fed researchers say
The inflationary effects of tariffs in the US have begun to recede, economists from the Federal Reserve Bank of St Louis say.
In a blog post today (August 18), Maximiliano Dvorkin and his colleagues say rising energy prices now contribute more to excess inflation – measured as the personal consumption expenditures (PCE) index minus the Fed’s 2% inflation target – than they did before the start of the Iran war in late February. Tariffs, by contrast, are now contributing less to excess inflation
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