00:00New York Federal Reserve researchers say tariffs were responsible for a substantial portion
00:05of the price increases across 67 categories of consumer goods. By February, tariffs had added
00:12roughly 2.9 percentage points to prices for those products, while researchers estimate prices would
00:18have fallen nearly 1 percent without the levies. The study also found that higher costs can spread
00:24beyond imported products, as American companies pay more for foreign parts and materials.
00:30The researchers expect some of the tariff-related price pressure to persist into 2027.
