Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock, that the Trump administration’s tariff strategy was supposed to bring. And yesterday, the Consumer Price Index inflation numbers came out, with year-over-year numbers reaching 2.7%, which also was the median of Dow Jones-surveyed economists’ estimates.
Was that all the impact of tariffs? Probably not, and much of what might happen is likely still to come. There’s some additional information as well, but let’s start with CPI, because
Breaking Down CPI And Tariff Shock
The 2.7% overall year-over-year increase was…
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