US prices for China-made goods on Amazon rise faster than inflation

News Snapshot:

This May 3, 2018, photo shows boxes on a conveyor belt during a tour of the Amazon fulfillment centre. (AP Photo/David Zalubowski) NEW YORK — Prices for goods made in China and sold on Amazon.com have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are starting to hit American consumers. The analysis shows that price increases for those goods accelerated beginning in May, a signal U.S. President Donald Trump’s tariffs are starting to filter through to consumers. The median price of...