It's not inconclusive.....STOP LYING....the evidence is VERY strong that there's no link. You say "not backed by science" which means it's CONCLUSIVE.....

I don't anticipate CPI or CPE to start to fall, just based on some reduced PMI data. It's just not realistic. Even if there's lowered demand, it's basically impossible to make up for these tariff input costs that are being accounted for as soft costs right now.

We could try to import a good, and by the time it's produced, packaged and shipped, the tariff amount may have wildly fluctuated.

So our pricing on our initial PO, could in no way calculate the tariff accurately.

A time of entry charge is the ONLY way to do this properly.

I work in electronics, with IC distribution, and all major distribution channels are doing the same. They're even putting it on their websites and stating this is how pricing will be issued.

We have to do it this way, because tariff amounts have been unstable.

As a wholesale trader, I'm watching this, and tracking our own internal pricing, and we've seen increases from foreign companies as the Dollar has weakened, so I can attest to the 4% increase, as that seems accurate, but tariffs to our customer base is just not included.

If we see PMI continue to fall, and CPI or CPE continue to rise, this will be the reasoning, as the tracked data on PMI, just isn't capturing accurate cost measurements anymore, because it wasn't set up to get the soft costs of transportation and fees and taxes. It only tracks the sales price on PO

Our company has been required by most customers, to list them as a completely separate item.

If you're measuring price increases, you're not measuring the effects of tariffs.

This means consumer pricing could continue to rise, even through PMI goes down.

This is where traditional measurements of data fail. PMI is a price measurement tool, but tariffs aren't included in most pricing structures, as they're done as secondary line item charge.

I work in distribution, and most companies selling wholesale, aren't calculating tariffs into pricing.

I'm in electronics distribution, this is standard. Arrow, Avnet, Digikey, Mouser.....etc....large wholesale companies, are sending line item surcharges for the tariffs, they're not calculated into Price points, so PPI inflation shrinking a miniscule amount, isn't surprising.

You think that's healthy looking? He looks worse today than he did last week. His hair is a mess, there's bright spots on his face, and his outfit is completely disheveled. I'm not sure who you're looking at, but he does NOT look healthy.