Collins Says Inflation Risks Eased but Tariffs Keep Price Pressure
The official noted a reduction in inflationary risks, while cautioning that tariffs remain a factor in driving prices upward.
Summary
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Terms & Concepts
Tariff: A government-imposed tax on imported goods designed to protect domestic industries or generate revenue, which can contribute to higher consumer prices.
Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.