The United States is experiencing lower goods inflation than most of its international peers despite a modest recent increase, according to a new analysis from the Council of Economic Advisers that seeks to counter claims that trade policies are fueling higher prices.
The report, released as concerns mount over a slight uptick in core goods inflation, places recent U.S. price trends in global context and suggests that international factors, rather than domestic trade policies, are driving the increases.
Core goods inflation — which excludes volatile food and energy prices — has risen to 1.2 percent over the 12 months through July, with a 1.1…
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