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Torsten Slok, chief economist at Apollo Global Management, speaking to Bloomberg TV, has sounded the alarm about a potential stagflation spiral as tariffs drive up goods prices. New data reveals a surge in goods inflation, with categories such as tools, toys, apparel, and furniture, making up 40 percent of the CPI basket, showing significant increases. Slok cautioned that sustained price rises over the coming months could entrench inflationary pressures, posing risks to the broader economy.