Prices Surge: Tariffs Hit Americans Hard
Update: 2025-12-18
Description
American consumers brace for significant price hikes, potentially the largest in 1.5 years, due to tariffs on imported goods. The Labor Departments Bureau of Labor Statistics will release Novembers Consumer Price Index report, but Octobers data is missing due to the recent government shutdown. Economists predict a 3.1% increase in the Consumer Price Index, the largest since May 2024, but some believe the actual number could be lower due to delayed data collection and holiday discounts. The tariffs impact is disproportionately affecting lower-income households with limited savings and slower wage growth.
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