Inflation on many everyday items was entirely due to tariffs, NY Fed says:
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February ...
cnbc.com/2026/10/08/inflation-tariffs-trump-fed-consumer-goods.html
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New York Fed reports tariff-driven consumer price increasesNew York Fed researchers estimate tariffs contributed 2.9 percentage points to inflation across 67 goods categories by February 2026.
- 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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Inflation on many everyday items was entirely due to tariffs, NY Fed says: Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February ...
cnbc.com/2026/10/08/inflation-tariffs-trump-fed-consumer-goods.html
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