About those pesky tariffs.......

So you don't answer in the other thread, but come at me in this old one.........whateverrr

But I'm wondering where you got the data for that since you didn't provide a link that information............cause that's not what I find here.......


Why are you only looking at the "Wholesale report" or Wholesale pricing?

Your own article says: The wholesale report doesn’t capture the cost of imports as well as the consumer-price index, which showed a sharper increase.

A wholesale report, in the context of business and economics, refers to a report that tracks sales and inventory data for merchant wholesalers, excluding manufacturers' sales branches and offices.

You are cherry picking. Fact is the CPI rose 2.7%. Look it up.

A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of consumer goods and services.
 
Why are you only looking at the "Wholesale report" or Wholesale pricing?

Your own article says: The wholesale report doesn’t capture the cost of imports as well as the consumer-price index, which showed a sharper increase.

A wholesale report, in the context of business and economics, refers to a report that tracks sales and inventory data for merchant wholesalers, excluding manufacturers' sales branches and offices.

You are cherry picking. Fact is the CPI rose 2.7%. Look it up.

A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of consumer goods and services.


Retail prices depend on Wholesale prices to determine their markup. If/when wholesale prices go up, then the retailer has to raise their prices to the consumer in order to pay their bills.

Retail as well as Wholesale are just two separate links in the same chain
 
Retail prices depend on Wholesale prices to determine their markup. If/when wholesale prices go up, then the retailer has to raise their prices to the consumer in order to pay their bills.

Retail as well as Wholesale are just two separate links in the same chain
I know but you cherry picked your number. Fact is, inflation went up. Trump said he'd lower inflation. How many times do you guys have to say "this is not what I voted for"?
 
Retail prices depend on Wholesale prices to determine their markup. If/when wholesale prices go up, then the retailer has to raise their prices to the consumer in order to pay their bills.

Retail as well as Wholesale are just two separate links in the same chain

Two different headlines.​

Inflation picks up again in June, rising at 2.7% annual rate​



Wholesale inflation measure was unchanged in June​


 
Retail prices depend on Wholesale prices to determine their markup. If/when wholesale prices go up, then the retailer has to raise their prices to the consumer in order to pay their bills.

Retail as well as Wholesale are just two separate links in the same chain

But what will really matter is the extent to which President Donald Trump’s tariffs are hitting prices and potentially driving inflation higher.

“June is the first reading [when] these tariffs are really going to start to bite in a very noticeable way,” said Chris Hodge, head U.S. economist at Natixis CIB Americas.

CPI, which measures a broad basket of goods and services across the U.S. economy, is expected to show a 0.3% monthly increase for both headline and core rates, with the latter excluding volatile food and energy costs. On an annual basis, the index is expected to show a 2.7% headline reading and 3% on core.

ore importantly, though, the CPI will provide a glimpse into how the Trump duties have worked their way into consumer pockets. When Hodge views the report, he will be looking at two key areas.

“I’m looking at autos and I’m looking at apparel, and last month’s reading was very low for both of them, which is very counterintuitive to what you would have” expected, he said. “These are two sectors that are very sensitive to increased tariffs.”

Broadly speaking, economists will be looking to core goods trends as the best barometer for tariff impacts. The category includes items such as apparel and footwear, electronics, housing goods and furniture.

Goldman expects increases in auto insurance and air fares, and a general contribution from tariffs of some 0.08 percentage point to the core reading. Tariff-impacted sectors such as furniture, recreation, education, communication and personal care could see price hits, the firm said.

Economists also will keep an eye on shelter prices, which have been a stubborn component keeping readings higher.

“Our forecast reflects a sharp acceleration in most core goods categories but limited impact on core services inflation, at least in the near term,” Goldman said in a note.

The White House also will be watching the report closely

 
And those tariffs will first effect the wholesale price to the retailer, then passed to the consumer...........or should, but unfortunately as been brought up in another thread is that retailers have already raised their prices in anticipation of tariffs, even though the price retailers paid for items hadn't gone up. That is on the retailers, not anyone else
 
Yes and no. Some tariffs are absorbed by the tariffed country, some tariffs are absorbed by the manufacturer or seller, and some are passed on in higher prices.

But no one pays these higher prices unless they agree to them. If something is too expensive, I shop elsewhere. NOT buying tariffed goods makes the tariff more effective.

But then, I tend not to buy stuff from foreign countries that need tariffing in order to come into compliant fair trade.
Bullshit bullshit bullshit.

1. The “tariffed country” is never involved in the transaction. The product sits in customs until the person who is picking it up pays US customs the tariff. I do it every day.

2. The price of all goods will go up. If you want the item you will pay more. That is inflation. If you do not want the good, then you will not spend the money and that will hurt GDP. Either way Tariffs are a drain on the economy.

3. You do NOT buy US goods. There isn’t a single good you can’t buy made in the US. But you don’t. You buy the best value. Guaranteed. What jeans are you wearing? What phone are you using? What underwear do you have on? What shoes are on your feet. It can all be bought made in the US.
 
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