According to BlockBeats, on June 10, Goldman Sachs economists stated that tariffs could raise U.S. commodity prices and overall inflation in the coming months, and that tariffs are expected to have a mild impact on May's CPI data.
The increase in commodity prices may raise the core inflation rate by 0.05 percentage points, leading to a 0.25% month-on-month increase in the overall core CPI. Goldman Sachs predicts that the core CPI inflation rate could reach 3.5% by the end of the year, up from 2.8% in April.
Although inflationary pressures in the labor market, housing rentals, and the automotive industry have eased, this increase will still occur. In May, hotel and airfare prices remained flat, reflecting a slowdown in consumer spending. Inflation in most core commodity categories will accelerate, but the impact on core services inflation is limited.