In addition,
Usa: inflation upwards under pressure:
For the second month in a row, the Americans undergo a price rise, 2.7% over a year in June against 2.4% in May, according to the CPI index. However,
The effects of customs duties wanted by Donald Trump are beginning to be felt by the Americans. Furthermore, faced for the second consecutive time with a consumer prices, up 2.7% over a year in June, according to a index published on Tuesday.
The inflation measurement index increased in June by 2.7% over a year, compared to 2.4% in May. In addition, This progression last month is online with analysts’ expectations, according to the consensus published by Marketwatch.
It was the second consecutive month of increase over a year. However, since the prices had already returned to force in May, when they had tended to get closer to the target of 2% usa: inflation upwards under pressure increase over a year, fixed in the mandate of the American Central Bank (Fed).
The acceleration of inflation is also marked over a month, with prices increasing by 0.3% in June (compared to 0.1% in May), under the effect of energy prices, again in accordance with the anticipation of analysts.
Excluding food and energy, still volatile, the CPI index increased in June by 0.2% over a month and 2.9% over a year, a slight increase in both cases compared to May.
In a press release published in the wake of the publication of the index. Furthermore, Democratic Senator Elizabeth Warren has castigated “those who say that we do not see the effects of (Donald) trade wars”, inviting them to “look at today’s data (Tuesday, editor’s note)” and worrying about “seeing the families crushed, while the president makes things even more difficult”.
June was marked by the conflict between Israel. Iran, usa: inflation upwards under pressure which had resulted in a sharp increase in oil prices, who have since remained higher than they were before the twelve days of missile fire.
The increase in the cost of energy also concerns the prices of electricity. gas, which experienced a sharp increase in June compared to May.
New customs duties to come
The Americans are also faced with a slight rise in food prices as well as those of the health services. while the costs of the housing, which has been one of the main engines of persistent inflation in recent months, are slightly marked by.
“We are still considering a percentage point of price increase due to existing customs duties. with the highest increase in products in July,” anticipated Pantheon economist in a note, Samuel Tombs, who evokes “a risk of additional increase, under the effect of surcharge scheduled for August 1”.
President Trump imposed in usa: inflation upwards under pressure early April 10% customs duties on almost all products entering the United States. with a customs tax that can rise to 25% on the automobile and auto parts and even 50% on steel and aluminum.
Other sectors could be affected since procedures have been launched for pharmaceutical products. semiconductors, drones or polycrystalline silicon and its derivatives, used for the manufacture of solar panels and semiconductors.
About twenty countries have also received a letter from the White House since the beginning of July announcing the taxation of customs duties to their products between 20. 40% for the majority of countries and even 50% for Brazilian products. Supports that will be applied on August 1.
The American president also announced his desire to tax European. Mexican products, two of the main business partners in the United States, up to 30%.
Economists insisted on the risk that these customs duties would represent in usa: inflation upwards under pressure terms of inflation. The American government. which had initially assured that there would be no effect, now stresses that the effect should be measured and would only be felt for a limited time.
The resumption of inflation should however push the Fed to continue to be cautious. when it has maintained its rates unchanged since the beginning of the year. Analysts anticipate that this trend should continue at its next meeting. scheduled for the end of the month, if we believe the CME watch tool, Fedwatch.
Usa: inflation upwards under pressure
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