According to a report by Jinshi Data, tariffs have prompted market institutions to prepare for higher inflation. Wells Fargo economists expect the April CPI month-on-month rate to rise by 0.2%, while the year-on-year rate is expected to drop to a four-year low of 2.3%. The core CPI year-on-year rate is expected to remain at 2.8%. They believe that higher import costs due to tariffs will affect consumer prices.