inflation trends, consumer goods prices, tariff impact analysis
Good news for consumers:
While July inflation held steady at 2.7% year-over-year, the near-term trend is even better with the 3-month annualized change down to just 2.3%.
Most importantly — there is no demonstrable negative impact from tariffs.
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Goods prices, excluding food and… https://t.co/0WRZKsbT7I
— Treasury Secretary Scott Bessent (@SecScottBessent) August 12, 2025
Good news for consumers:
It’s great to hear that July inflation held steady at 2.7% year-over-year! This stability in inflation rates is promising for consumers, providing a sense of predictability in our purchasing power. More exciting is the near-term trend showing a 3-month annualized change down to just 2.3%. This indicates that prices are stabilizing, which means potential relief for families and individuals budgeting their expenses.
While inflation can be a concern, it’s essential to note that the current environment shows no demonstrable negative impact from tariffs. This is particularly significant for consumers who are worried about rising costs due to international trade policies. It appears that tariffs haven’t disrupted the market as many feared, allowing goods prices to remain more stable.
Goods prices, excluding food and energy, are critical to monitor as they directly affect everyday household expenses. As consumers, we can appreciate the relief that comes with stable prices. This news from Treasury Secretary Scott Bessent, shared on Twitter, underscores the positive direction of our economy and its impact on daily life.
In light of this information, consumers can approach their financial planning with a bit more confidence. With inflation rates stabilizing and no adverse effects from tariffs, it seems we can look forward to a more manageable economic landscape. It’s a good time to reassess budgets and perhaps even make a few purchases that we’ve been holding off on.
For more detailed insights, you can check out the original tweet from Treasury Secretary Scott Bessent, which shares this encouraging information.