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1/🧵📈 Nuevos datos de PriceStats para Argentina: en junio, la inflación mensual volvió a subir al 2,25%, luego de haber caído por debajo del 1% el mes anterior.

New update: Our US tariffs paper now includes data through June 26. Explore the latest trends here: pricinglab.org/tariff-tracker/

Chair Powell’s comment that the Fed expects #tariffs to feed through to #inflation in June/July will focus even more market attention on incoming inflation. Having correctly anticipated softer inflation prints in the past two-months, the pressure in import sensitive sectors

Even if CPI data has not yet been seriously affected, as I mention in this article, chronic underfunding of the BLS is deeply concerning. Reliable economic data is not something we can take for granted. From The Economist: economist.com/united-states/…

Why have recent tariff shocks had muted effects on US inflation? The Economist breaks it down—with a graph from our paper: economist.com/finance-and-ec… (with Paola and Franco Vazquez)

The methodology CEA used in constructing its import price index looks reasonable. 2 things to keep in mind when interpreting it: 1st, the assumption underlying the CEA report is that the right counterfactual to which to compare imported goods prices is domestic goods prices. /1

Despite rising trade tensions in recent days, prices have not yet increased meaningfully in large retail stores. In fact, over the last few weeks, prices have fallen for most imported goods — except those from Canada, which are rising again. See paper and data through July 11

🚨Our tariff passthrough research is featured today in the @NYTimes. 📈See how tariffs are impacting prices: nytimes.com/2025/07/16/bus… #Inflation #Tariffs

If you're curious about how tariffs affect inflation, here's a video of my presentation last month at State Street on "Tariffs and Inflation". I walk through past and current research to explain why tariff passthrough to retail prices can be slow.

Prices of Chinese and Canadian goods rebounded this week. See the updates to the paper and data in our HBS Pricing Lab tariff tracker: pricinglab.org/tariff-tracker/

Hoy es el cumpleaños de Domingo Felipe Cavallo. Un economista y policymaker brillante y, por sobre todas las cosas, un verdadero patriota. Sin dudas una de las personas que más admiro. Feliz cumpleaños Mingo Domingo F. Cavallo !!

📉 La inflación sigue estable en Argentina ➡️ La variación mensual se ubica en 2.15% al 25 de julio, según estimaciones de alta frecuencia de PriceStats.