Source: Reason
by Eric Boehm
“Tariffs implemented last year by President Donald Trump’s administration are entirely to blame for the recent surge in prices for consumer and household goods. Those tariffs have raised core goods prices by 3.1 percent, according to a new study by a trio of economists at the Federal Reserve. Those higher consumer prices were the result of retailers passing the cost of tariffs along the supply chain. As of February 2026, the tariffs ‘can explain the entirety of the excess inflation in the core goods category since January 2025,’ the economists concluded.” [editor’s note: That the claim comes from the Fed at least somewhat taints its credibility. On the other hand, there’s zero doubt that tariffs raise prices – TLK] (04/13/26)