{"id":278377,"date":"2025-06-16T01:47:57","date_gmt":"2025-06-16T01:47:57","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/06\/16\/tariffs-and-consumer-prices-at-high-frequency\/"},"modified":"2025-06-25T17:08:06","modified_gmt":"2025-06-25T17:08:06","slug":"tariffs-and-consumer-prices-at-high-frequency","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/06\/16\/tariffs-and-consumer-prices-at-high-frequency\/","title":{"rendered":"Tariffs and Consumer Prices at High Frequency"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-56974\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>The recent undershooting of consensus CPI and PPI has been taken to mean that tariffs have not yet had an impact on prices (e.g., <a href=\"https:\/\/www.nytimes.com\/2025\/06\/11\/business\/cpi-may-inflation-tariffs.html\">NYT<\/a>). First, an interesting picture from Truflation:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/truflation_15jun25.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-56975\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/truflation_15jun25.png\" alt=\"\" width=\"617\" height=\"306\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/truflation_15jun25.png 617w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/truflation_15jun25-300x149.png 300w\" sizes=\"(max-width: 617px) 100vw, 617px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> Truflation, accessed 6\/15\/2025.<\/em><\/p>\n<p>Since the graph is in % from January 2020, then the increase in slope from April can be taken as acceleration in inflation.<\/p>\n<p>Can one glean more information from big data, looking at trends in different categories (domestic, imported, imported tariffed). This graph, from <a href=\"https:\/\/pricinglab-rw7gfm.s3.us-east-1.amazonaws.com\/tariffs\/TrackingTariffs_Cavallo_Llamas_Vazquez.pdf\">Cavallo et al. (2025)<\/a>.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56976\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3.png\" alt=\"\" width=\"812\" height=\"558\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3.png 812w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3-300x206.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3-768x528.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/06\/cavallo_fig3-624x429.png 624w\" sizes=\"(max-width: 812px) 100vw, 812px\"\/><\/a><\/p>\n<p>See also this <a href=\"https:\/\/www.statestreet.com\/ie\/en\/asset-owner\/insights\/street-signals-tracking-price-impacts-us-tariffs\">interview<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/06\/tariffs-and-consumer-prices-at-high-frequency\" title=\"6:01 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-06-15T18:01:05-07:00\">June 15, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/06\/tariffs-and-consumer-prices-at-high-frequency\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The recent undershooting of consensus CPI and PPI has been taken to mean that tariffs have not yet had an impact on prices (e.g.,<\/p>\n","protected":false},"author":1,"featured_media":278378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/278377"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=278377"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/278377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/278378"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=278377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=278377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=278377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}