Consumer prices would have fallen if not for Trump's tariffs, NY Fed says:
Prices for many consumer goods would have dropped throughout most of 2025 and through ...
businessinsider.com/us-inflation-trump-tariffs-impact-consumer-prices-goods-economy-trade-2026-10
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What Trump's tariffs did to prices: Price on many everyday goods would have actually dipped modestly without the levies, according to new research by the New ...
qz.com/ny-fed-trump-tariffs-consumer-goods-inflation-100826
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cnbc.com/2026/10/08/inflation-tariffs-trump-fed-consumer-goods.html
Key FactsNew York Fed reports tariff-driven consumer price increases
Oct 8, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- Without the levies, prices in the studied categories would have fallen by nearly 1% by early 2026.
- Each additional percentage point in the average tariff raised prices roughly 0.25% one year later, researchers said.
- About two-thirds of the tariff-related price increase came directly from levies, with the remainder stemming from knock-on effects.
- The report says consumers are still expected to pay elevated prices into 2027 because of the policy.
Tariffs have a larger and more drawn-out impact on consumer prices than the direct effect alone would suggest.— From a New York Fed study authored by Mary Amiti, Sebastian Heise and David Weinstein (New York Fed).
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