New York Fed Study Finds Trump Tariffs Lifted Consumer Goods Inflation 2.9 Points
Updated
Updated · The Washington Post · Oct 7
New York Fed Study Finds Trump Tariffs Lifted Consumer Goods Inflation 2.9 Points
2 articles · Updated · The Washington Post · Oct 7
Summary
Consumer goods inflation was 2.9 percentage points higher by February because of Trump administration tariffs imposed last year, according to a new Federal Reserve Bank of New York study.
New York Fed researchers said those levies reversed an expected slight decline in consumer goods prices, turning what would have been modest easing into higher inflation.
The findings sharpen the consumer impact of the tariff policy by tying last year's import taxes directly to price increases paid by households.