Economists generally predict a slowdown in inflation last month, but the trade war may reignite inflation

PANews|Mar 12, 2025 12:11
According to Jin Shi's report, inflation in the United States may have cooled down last month, but this could be a temporary relief as people generally expect Trump's tariffs to keep prices rising in the coming months. Economists surveyed by FactSet predict that the February CPI released by the US Department of Labor on Wednesday will increase by 2.9% compared to the same period last year. This will be slightly lower than the 3% in January and the first decrease in five months. The core CPI is also expected to decline from 3.3% in January to 3.2%. However, both indicators have largely remained at the level reached last summer. Stubborn inflation will bring political problems to Trump, who promised during his campaign to 'completely eliminate inflation'. Dan North, senior economist at Allianz Trade Americas, a financial services company, said, "There hasn't been real progress on the 2% target. I suspect you'll start seeing inflation data move in the opposite direction
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink