AGENCY: AI EXPENDITURE, CUSTOMS AND ENERGY DOMINATES INFLATION IN THE UNITED STATES

On 27 August, Kevin Gordon, Head of Macro Studies at the Centre for Financial Research, Kashin, stated that, in terms of current inflation drivers, it could be attributed mainly to artificial intelligence spending, tariffs and energy. After the release of the United States PCE data on Wednesday, Gordon stated: “The commodity sector is the area where the latter two factors are most visible, and from it it can be seen how this dynamic has changed over the past few years.” He indicated that in the post-tariff environment, commodity deflation was already rare, especially in the area of durables. Historically, the price of durables has been in deflation for most of the time. “In the service sector, inflation is normal in any period of economic expansion; it is currently `good' inflation, because the industry is resilient and has contributed significantly to GDP growth.”