TechFlow, May 6 — According to Jinshi Data, tariffs are prompting market institutions to prepare for higher inflation. Wells Fargo economists wrote ahead of next week's U.S. CPI report that consumer prices likely accelerated in April. They expect the monthly CPI to rise 0.2% in April, following an unexpected 0.1% decline in March.
The economists said this would bring the annual CPI rate down to a four-year low of 2.3%. They anticipate the core CPI annual rate will remain unchanged at 2.8%. They added, "With tariffs now a reality, we believe it's only a matter of time before higher import costs feed through to consumer prices."
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