Expectations for widespread price hikes following a wave of new tariffs this year have largely fallen short, surprising economists and fueling claims from tariff defenders that the levies are having no impact on inflation.

Energy and housing costs were the major drivers of inflation, but consumers are starting to feel the impact of tariffs on basic goods.

Household furnishings and apparel – which are more exposed to tariffs – saw cost hikes. Read more at straitstimes.com. Read more at straitstimes.com.