New York Fed links tariff policy to inflation in specific goods categories

Research from the New York Federal Reserve indicates that tariffs contributed 2.9 percentage points to inflation across 67 categories of goods as of February 2026. The study isolates the impact of trade policy on consumer prices for everyday items. These findings highlight the direct correlation between import duties and the cost of specific goods within the broader inflation basket. Market participants are monitoring whether these inflationary pressures persist as trade policies evolve.