IDEX Polished Price Index Rallies in June, Amid Tariffs Anxiety
July 03, 25
(IDEX Online) - The IDEX Polished Price Index rallied in June, with the biggest monthly rise since the post-Covid bounce back.
The overall trend remains downwards, but the Index jumped 4.83 per cent in the month, reflecting anxiety over US reciprocal tariffs, which are due to take effect on 9 July after a 90-day reprieve.
It's not the first time that tariffs have forced prices up. President Donald Trump's initial tariff announcement caused the Index to spike for a couple of days in April, but it settled down to a 0.58 per cent monthly increase.
In June the overall picture was that prices declined slowly, then spiked for a couple days towards the end of month. The Index closed up 4.83 per cent, the biggest rise since January 2022, when it increased 5.67 per cent. Prices dropped slightly in May.
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