Rachel Wolff

speaker

16 appearances 1 recordings 1 series first heard Aug 2025 last heard Aug 2025

Rachel Wolff’s voice in public audio — every appearance, attributed to the second.

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So in June, we started to see the first signs that tariffs were beginning to get passed on to consumers.

We saw a little more of that in July.

So in categories that have a lot of imports like furniture, tires, pet products, there were larger than normal increases last month.

That being said, it wasn't consistent across the board.

So some economists thought that apparel, for instance, would see bigger price increases by now because we import a lot of clothes online.

But so far, it has not gone up as much as economists predicted.

And a reason why could be that retailers really stocked up in advance of tariffs.

They might be sitting on a lot of supply.

New car prices, same deal.

So economists were looking at goods for this inflation report.

They were really expecting to see increases concentrated in stuff.

But really what we ended up seeing was that services like airline tickets and medical services and car maintenance went up more than predicted.

For instance, airline tickets were up 4%.

And what economists think that that is tied to is that the job market is still pretty strong and people are still spending money.

And that means that it's not just tariffs having an effect.

It's also people spending money.

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