The producer price index rose 1.3% in September — the largest monthly jump since 2022 — driven largely by energy costs.
The personal savings rate is currently just 2.7%, much lower than it was in decades past.
The preliminary snapshot released earlier in the month was dismal, comparable to levels not seen since the huge post-COVID inflation spike.
The data were collected in late November, during peak Black Friday discount season.
The idea has a mixed record.
Professor Alex Imas explains the behavioral economics that help us understand why people feel differently about climbing prices brought on by tariffs.
In San Diego, prices rose at 4% during the year ending in July. But in Dallas, inflation was less than 1%.
Although overall inflation has been high since the pandemic hit, some consumer goods and services have stagnated or gone down in price over the last five to six years.
Trump has promised to exempt chip makers that invest in the U.S., but prices will still likely go up on a wide range of electronics.
The June consumer price index will be the latest glimpse into whether tariffs are having an effect on consumer prices.
