top of page
Search

Yes, tariffs increased inflation

  • Writer: Mikel C Wein
    Mikel C Wein
  • Apr 17
  • 1 min read

A recent study published by the Federal reserve found that "tariff changes through November 2025 raised core goods PCE prices cumulatively by 3.1% through February 2026, explaining the entirety of excess inflation in the core goods category relative to pre-pandemic inflation rates." In other words, without tariffs, inflation likely would not have been above pre-pandemic levels in 2025.


 
 
 

Comments


bottom of page