June CPI Report To Show First Signs Of Tariff-Related Inflation

  • June CPI is expected to show the first signs of tariff-driven inflation, with consensus expectations for core CPI at 0.3% MoM and an increase in annual core CPI to 3%. The macro environment is stagflationary, with tariffs, higher commodity price rises, and a weaker dollar all pushing inflation higher into 2025 and 2026.