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PROSPERITY BLOG
Tariffs MIA in Latest CPI; Renewed Geopolitical Instability
Inflation remained mild in May, showing little upward pressure. According to last week’s report from the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose just 0.1% for the month, while the annual rate settled at 2.4%.
Trade Deficit Cut in Half
April exports rose $8.3 billion to a record $289.4 billion. April imports fell $68.4 billion to $351.0 billion. The decline in imports included a $33.0 billion drop in consumer goods, $8.3 billion in automobiles and auto parts, and $23.3 billion in industrial supplies.
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