Inflation erased U.S. income gains last year

This year both inflation and unemployment are going up, so it’s only getting worse.

Inflation is lower than it was at the beginning of the year. Which means inflation is actually going down this year.

Tariffs are just starting to work their way inoto consumer prices now.

Tariffs are deflationary, actually. They are a form of taxation and act to inhibit demand.

Anyways inflation is actually declining and is well below 2022 levels.

https://www.bls.gov/charts/consumer-price-index/consumer-pri...

> They are a form of taxation and act to inhibit demand.

They also are a price increase. Whether that winds up being inflationary or deflationary depends on how much that price change impacts demand, which will likely vary from good to good.

Tariffs go from the economy to the U.S. treasury, who ultimately issues the currency. That is, it's removing funds from private bank accounts to the US government balance sheet, reducing the deficit and the money supply at the same time.

Inflation is everywhere and always a monetary (or money supply) phenomenon.

Reposting my original claim:

Tariffs are deflationary, actually. They are a form of taxation and act to inhibit demand.

Inflation is actually declining and is well below 2022 levels.

https://www.bls.gov/charts/consumer-price-index/consumer-pri...