除了一季度PCE外，更重要的是未来指标。
From S&P PMI: (图就不放了）
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Prices
Price pressures rose sharply across both manufacturing
and service sectors during June, the former reporting
an especially steep increase, and again commonly
linked to tariffs.
Manufacturers’ input prices and selling prices both rose
at rates not seen since July 2022, as higher costs were
passed on to customers. Close to two-thirds of all
manufacturers reporting higher input costs attributed
these to tariffs, whilst just over half of respondents
linked increased selling prices to tariffs.
However, prices also rose sharply in the service sector,
likewise often attributed to tariffs but also reflecting
higher financing, wage and fuel costs. Service sector
input costs and selling prices nonetheless rose at
slower rates than in May, in part reflecting more intense
competition.
While the slower rates of service sector price inflation
helped offset some of the increase in manufacturing
prices to bring rates of inflation down from May’s
recent peaks, the overall rise in costs was still the
second largest since the start of 2023. The rise in prices
charged for goods and services was the second highest
since September 2022.
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