US PPI remains moderate in May, tariff effect may be a 'latecomer'

BlockBeats News: On June 12th, a report released by the US Bureau of Labor Statistics on Thursday showed that the core PPI data for May in the United States fell short of expectations due to moderate impact from the cost of goods and services. Although the current impact of higher tariffs on the American people is not significant, economists point out that price pressure may intensify in the second half of the year as companies try to avoid further weakening of profit margins. PPI data shows that after a decline in April, the profit margins of wholesalers and retailers expanded in May, especially in the automotive and machinery wholesale sectors. Since the beginning of this year, profit margins have fluctuated month by month, highlighting the uncertainty of the impact of trade policies on prices and demand. Analysts are particularly concerned about the PPI report, as some of its components are used to calculate the Federal Reserve's preferred inflation indicator (PCE data). Areas with weak performance in May: airfare prices, portfolio management fees have decreased, and healthcare costs have remained moderate. The PCE report will be released later this month. (Golden Ten)