Inflation probably inched up in May as trade war got underway
Fresh inflation figures due out Wednesday could offer an early glimpse into whether President Donald Trump's tariffs are beginning to drive up the cost of everyday products. Economists are closely tracking the data for any sign that trade policies are filtering down to consumers' wallets.
The Labor Department's consumer price index for May, set for release at 8:30 a.m. Eastern time, is expected to show that overall inflation rose 2.5 percent from May 2024. That's up slightly from a 2.3 percent annual rise in April.
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