Macro EconomyMedium•8 October 2026•
1 min read
NY Fed: Tariffs Added 2.9 Percentage Points to Everyday Goods Inflation
Key Facts
1A New York Fed report stated that the cost of many everyday items would have declined if not for President Trump's tariff policies.
2Shoppers saw a 2.9 percentage point increase in inflation across 67 types of goods due to tariffs imposed in 2025 and early 2026.
A New York Fed report stated that the cost of many everyday items would have declined if not for President Trump's tariff policies. CNBC reported that shoppers saw a 2.9 percentage point increase in inflation across a sample of 67 types of goods due to tariffs imposed throughout 2025 and early 2026.
The study concluded that these trade barriers were solely responsible for offsetting what would have otherwise been a natural decline in retail prices. This assessment follows recent global data showing mixed price pressures, including a 3.8% annual inflation rate in the Eurozone on September 2, 2026, and a 2.9% rate in South Korea on October 1, 2026.