Cato Institute Research Fellow Jai Kedia is available for interviews in light of the June CPI data released this morning.

Kedia issued the following statement in reaction:

The latest CPI report shows that inflation remains over 2%, although it is still not significantly high. Tariff proponents from the administration are using recent inflation reports as evidence against the severe price effects of tariffs but their inference is incorrect. Inflation continues to rise despite the Fed keeping rates high and not signaling any rate cuts later this month. This means that prices rose fast despite sustained downward pressure from monetary policy. Lastly, the effects from all economic shocks—supply shocks such as tariffs or monetary policy—take time to fully materialize. That added with the arbitrary manner of implementing tariffs makes it difficult to predict when the most serious price effects will occur.

If you would like to speak with Kedia on this issue, please contact pr@​cato.​org to set up an interview.