00:00It's Benzinga, bringing Wall Street to Main Street
00:02The New York Federal Reserve found Trump's tariffs raised prices across 67 categories
00:06of consumer goods by 2.9 percentage points as of February, according to CNBC.
00:11Without the tariffs, prices for those products would have fallen by almost 1%, according
00:16to the report.
00:17Researchers found consumer prices were roughly 0.25% higher a year after each percentage
00:22point increase in the average tariff.
00:24About two-thirds of the price impact came directly from the levies, while the remainder
00:28reflected knock-on effects such as higher costs for imported parts and materials.
00:32The researchers said about 26% of last year's tariff increases ultimately flowed into higher
00:37consumer prices.
00:38Elevated prices are expected to persist into 2027.
00:42For all things money, visit Benzinga.com
