惠誉分析师：有迹象表明关税正逐渐传导至消费者价格

Core Insights - There are signs that tariffs are gradually being passed on to consumer prices, although the transmission is slow [1] - In August, core goods prices in the U.S. rose by 0.3% month-on-month, higher than the 0.2% increases in June and July [1] - Year-on-year, core goods prices increased by 1.5%, marking the fastest growth since May 2023 [1] - Automobile prices have risen again, with some metrics showing a significant increase [1] - Despite the rise in goods prices, a decline in service prices has kept overall core inflation steady at 3.1% year-on-year and 0.3% month-on-month [1] - This inflation data is likely to reassure the Federal Reserve, indicating that a rate cut in September will not pose excessive risks to its price stability mission [1]