Inflation in US might have increased due to Trump’s tariffs

The US consumer price index (CPI) is set to show a significant rise in April, after a gradual increase over the past 9 months. It is connected with the intention of companies to pass the rising expenditures caused by tariff from the administration of US President Donald Trump to consumers.

According to forecasts of Bloomberg experts, the core consumer price index for goods and services likely increased by 0.3% last month. By comparison, the indicator rose by only 0.1% in March.

Economists suggest that an increase in US duties on imported goods could have a significant impact on the state economy over time. In turn, according to officials of the US Federal Reserve, the persistence of trade tensions increases the risk of rising inflation and unemployment in the country.

Meanwhile, the attention of American traders is now focused on this Friday’s publication of Michigan Consumer Sentiment figure.