NY Fed Study Attributes 2.9 Percentage Points of Inflation in 67 Product Categories to Tariffs
Source Summary
Researchers at the New York Federal Reserve found that tariffs added 2.9 percentage points to inflation across 67 categories of goods by February 2026. The study quantifies the direct impact of tariff policies on consumer prices for everyday items.
Why it matters
The finding provides quantified evidence of tariffs' direct contribution to consumer price increases, informing debate over tariff policy's macroeconomic effects.
