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Tariffs

Combined with Tuesday's consumer price index release, the data suggests that President Donald Trump's tariffs are indicating only a marginal bite on the U.S. economy and the prices for goods and services.

Though the numbers for headline and core wholesale inflation were subdued, final demand goods prices rose 0.3%, though they were offset by a 0.1% fall in services. Within the goods category, tariff-sensitive communication equipment posted a gain of 0.8%. Core goods prices also rose 0.3%.

At the same time, the PPI level for May, initially reported as a 0.1% increase, saw an upward revision to a 0.3% gain, the biggest gain since February, the BLS reported.

On a year-over-year basis, headline PPI was up 2.3%, compared to 2.7% in May.


 

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