Tariffs expected to lift underlying US consumer prices in May

From uk.finance.yahoo.com

U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures. The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in four months. Economists said the increase in the so-called core CPI would be attributable to higher prices from President Donald Trump's sweeping import duties. May would mark the start of tariff-related high inflation readings ... (full story)