US consumer prices rise moderately
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WASHINGTON (Reuters) -U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products. Import prices gained 0.1% last month after dropping 0.4% ...
Futures tracking aluminum and steel prices in the US surged after President Donald Trump said he will double tariffs on the metals this week.
U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services and rent.
As inflation holds steady, many economists anticipate potential price hikes in consumer goods in the months ahead as tariffs take effect.
Walmart said it expects price increases will hit consumers as soon as late May. Which other U.S. retailers have issued similar warnings?
U.S. inflation rose slightly last month, but less than expected. While grocery prices increased, gas and overall costs declined. The pace of shelter price increases is also slowing, offering some relief to consumers.