October 15, 2025
United States:
Private Inflation Data Shows Some Goods Are Getting More Expensive Due to Tariffs
Private-sector measures suggest US inflation picked up in September, offering more evidence of tariffs boosting certain prices in the absence of official government metrics.
Prices for goods like household equipment and furniture rose firmly, pushing up annual inflation to the highest level in two years, according to PriceStats data that’s based on products sold by online retailers.
Europe:
ECB’s Makhlouf Says Inflation Above 2% Is Bigger Risk Than Below That Threshold
European Central Bank Governing Council member Gabriel Makhlouf dismissed concerns about inflation dropping below the 2% target, saying he’s more worried that it will come in above that threshold.
While the Frankfurt-based central bank projects a temporary undershoot next year, Makhlouf said this isn’t a problem as long as the medium-term outlook remains anchored around 2%.
Asia:
Chinese Deflation Eases Again Even as Pressure on Prices Lingers
China’s deflation eased in September, even as the pace of improvement is failing to halt the country’s longest streak of economy-wide price declines since market reforms in the late 1970s.
Prices at the factory gate fell 2.3% from a year earlier after slipping 2.9% in August, the 36th straight month of declines that was in line with forecasts.
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