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Tariff-ic! Core Consumer Price Inflation Cooler Than Expected In June

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Tariff-ic! Core Consumer Price Inflation Cooler Than Expected In June

Will the dreaded tariff-flation show up this time? Or will the excuse factory be required to spin the Trump-policy-driven price hike expectations as coming next time?

Expectations were for a modest acceleration in prices in June and headline Consumer Prices did just that rising 0.3% MoM (as expected) and +2.7% YoY (up from +2.4% prior and hotter than the +2.6% YoY expected)…

Source: Bloomberg

The MoM acceleration was driven by a flip from deflation to inflation for Energy prices

Source: Bloomberg

New and Used Car prices are dropping!!! That’s not supposed to happen…

Source: Bloomberg

The headline CPI YoY is the hottest since February but Core CPI printed cooler than expected (+0.1% MoM vs +0.2% MoM exp) with the YoY rise higher at +2.9% (as expected)…

Source: Bloomberg

Core Goods prices are accelerating on a YoY basis…

Source: Bloomberg

This is the 5th monthly ‘miss’ for Core CPI in a row – the sky is falling analyst crowd continues to be wrong…

Source: Bloomberg

SuperCore CPI (Services ex-shelter) rose 0.36% MoM, lifting prices 3.34% YoY – highest since feb but well off the YTD highs

Source: Bloomberg

Medical Care Services costs are also starting to accelerate (not exactly tariff-driven)…

Source: Bloomberg

On a 3m- and 6m- annualized basis, there are no signs of the tariff-driven price hikes as yet…

Source: Bloomberg

Not exactly the damning evidence of terrifying tariff-flation that the establishment wants us to believe is coming…

Developing…

Tyler Durden Tue, 07/15/2025 – 08:38


Source: https://freedombunker.com/2025/07/15/tariff-ic-core-consumer-price-inflation-cooler-than-expected-in-june/


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