Washington, July 29 -- The United States is experiencing a gradual increase in inflation pressures, International Monetary Fund (IMF) Economic Counsellor Pierre-Olivier Gourinchas said on Tuesday.
"While global inflation continues to decline, the latest price data suggests that inflation pressures are building gradually in the US," Gourinchas told reporters.
He pointed out that US import prices in dollars have remained largely unchanged or even increased in 2025.
That means that the cost of tariffs will be borne by US retailers and customers as firms start to pass through higher costs into their prices, Gourinchas added.
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