There’s finally inflation from tariffs — in Hermes bags - MarketWatch
1. Hermes raised prices by 7% globally and 5% in the U.S. 2. Price hikes are to offset a 15% tariff burden. 3. Luxury products, like Birkin bags, show price inelasticity. 4. U.S. inflation has been stable at 2.7% over the past year. 5. Fed remains cautious about tariff impacts on consumer prices.