Economic Indicators
Inflation rates showed a slight cooling in April, with consumer prices rising 2.3% year-over-year, marking the smallest increase in over four years.
Despite the tariffs, core prices, excluding food and energy, remained stable with a 2.8% increase compared to the previous year, suggesting a measured impact on inflation expectations.
Tariff Impacts and Economic Projections
While some companies have raised prices due to tariffs, others have delayed hikes, indicating a cautious approach to passing costs onto consumers.
Economists predict that the high tariffs, averaging about 18%, will continue to exert upward pressure on prices and slow economic growth, despite recent adjustments to tariffs on Chinese goods.