BlackRock: The US CPI shows that tariffs are gradually pushing up prices, and most of the impact has yet to come

ChainCatcher news, according to Jinshi reports, Glenn Purves, the global macro head of BlackRock Investment Institute, stated that the U.S. core CPI increase in June was lower than expected, but there are increasing signs that tariffs have driven up some prices. The May CPI report has already shown a rise in appliance prices driven by tariffs, and this trend continues, "we are now also seeing early signs of rising prices for entertainment products such as video and audio equipment."

He believes that most of the impact has yet to come, and the effects will intensify after companies exhaust the inventories they built up to cope with tariffs. With pressure coming from goods and services, the inflation rate is likely to remain above the Federal Reserve's 2% target. Who will ultimately bear the cost of tariffs: consumers, businesses, or exporters, will be the key issue.