Tariff Impact Watch – Retail Prices thru 7/26


From Cavallo et al. (Aug. 2025):

Source: Cavallo,  et al. (Aug 2, 2025).

Some data consistent with an impact of tariffs:

Figure 1: PCE-durables deflator (blue), PCE-services deflator (tan), in logs 2025M01=0 Source: BEA.

 

This entry was posted on by Menzie Chinn.



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