Inflation on everyday items was entirely due to tariffs

Thursday, October 08, 2026

The cost of many everyday items would have declined without President Donald Trump's legally fraught tariff policy, according to a report from the New York Federal Reserve. Shoppers saw a 2.9 percentage point increase in inflation on a sample of 67 types of goods as of February due to tariffs imposed in 2025 and early 2026. Without the tariffs, the team found that prices for goods would have pulled back in that period.

Posted by qcp at 11:33 AM | 19 COMMENTS | permalink | Comment on This Entry |

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So... not corporate greed this time? :)

#1 | Posted by sitzkrieg at 2026-10-08 11:41 AM | Reply | Newsworthy 1

Corporate greed comes in when their supply costs come down but their prices for the products they sell don't.

There's always a "greed lag" before inflation truly relaxes.

#2 | Posted by horstngraben at 2026-10-08 11:48 AM | Reply | Funny: 1

But their costs were going up not down.

Congressional hearings on price gouging.

#3 | Posted by sitzkrieg at 2026-10-08 12:00 PM | Reply | Funny: 1

Just having fun on this one. Whatever party is in charge never takes responsibility for inflation and it's always someone else's fault.

Every Republican and Hillary Democrat (me included) hammered on about tariffs causing inflation when it was Bernie vs Hillary.

Trump goes wild on tariffs, Republicans develop amnesia, and Bernie Bros pivot from blaming corporations to blaming the govt.

#4 | Posted by sitzkrieg at 2026-10-08 12:04 PM | Reply

Yeah, what about you stfu. No other president in the last 50 years interefered directly in the economy like Fat Boy.

#5 | Posted by LegallyYourDead at 2026-10-08 02:36 PM | Reply

Nah. He's cost me more money than anybody here. Outside of a few long term strategic interests, tariffs are a terrible idea.

#6 | Posted by sitzkrieg at 2026-10-08 03:57 PM | Reply

". He's cost me more money than anybody here. "

#6 | Posted by sitzkrieg

Not the flex you're thinking it is, pal.

#7 | Posted by LegallyYourDead at 2026-10-08 10:36 PM | Reply

So... not corporate greed this time? :)

#1 | Posted by sitzkrieg a

Who benefited from Piggy's initial round of tariffs after the finding they were obviously illegal and refunded?

The corporations of course.

IOW transfer of money from poor and middle class to corporations because of Piggys theft

Almost like it was planned.

#8 | Posted by truthhurts at 2026-10-08 10:39 PM | Reply

... The US trade deficit widened more than expected in August as imports jumped to a record high against the backdrop of robust domestic demand, keeping trade on track to again subtract from economic growth in the third quarter.

The deterioration reported by the Commerce Department on Tuesday was despite President Donald Trump's aggressive tariffs on imports, which he has argued are meant to shrink the trade gap. The nation posted record goods trade deficits with at least three countries, including Mexico. ...

The trade shortfall increased 13.7% to $105.6 billion, the largest since March 2025, the Commerce Department's Bureau of Economic Analysis and Census Bureau said. Economists polled by Reuters had forecast the deficit would be $102.0 billion.

#9 | Posted by LampLighter at 2026-10-09 01:57 PM | Reply

Not the flex you're thinking it is, pal.

#7 | Posted by LegallyYourDead at 2026-10-08 10:36 PM | Reply

Only in your very active imagination is that a flex.

#10 | Posted by sitzkrieg at 2026-10-09 02:29 PM | Reply

The corporations of course.
IOW transfer of money from poor and middle class to corporations because of Piggys theft

#8 | Posted by truthhurts at 2026-10-08 10:39 PM | Reply | Flag:

99.9% of all businesses in the US are incorporated small businesses.
82% of those are solo ventures with no employees.

Yes we all got refunds. No we didn't give them back to the consumers. Then many of us were hit with new, increased tariffs over again.

#11 | Posted by sitzkrieg at 2026-10-09 02:32 PM | Reply

Most corporations in America are owned by middle to middle-upper class people.

Sadly, partisan politics lumps Hidalgo's Used Tires (who imports from tires from China) with Mavis Tire Express (who also imports tires from China). The tariffs are much worse for Hidalgo.

#12 | Posted by sitzkrieg at 2026-10-09 02:35 PM | Reply

"99.9% of all businesses in the US are incorporated small businesses."

Huh?

You've either got a word, or a percentage, wrong.

Please fix.

#13 | Posted by Danforth at 2026-10-09 02:39 PM | Reply

This might help:
carry.com

#14 | Posted by Danforth at 2026-10-09 02:58 PM | Reply

advocacy.sba.gov

#15 | Posted by sitzkrieg at 2026-10-09 03:01 PM | Reply

dvocacy's most popular publication, Frequently Asked Questions About Small Business, gathers the most up-to-date statistics about American small businesses in one place.

Frequently Asked Questions About Small Business is a convenient place to find facts about the state of the small business economy, including the following:

99.9 percent of businesses are small.
There are 36,207,130 small businesses in the United States.
U.S. small businesses employ 62.3 million people, 45.9 percent of private sector workers.
Economic activity from small businesses makes up 43.5 percent of GDP.
Over 80 percent of the paperwork burden for small businesses comes from the Internal Revenue Service (IRS) alone

#16 | Posted by sitzkrieg at 2026-10-09 03:02 PM | Reply

U.S. Business Distribution by Employee Size (Firmographics)

1 to 4 employees: ~12.4 million businesses
5 to 9 employees: ~1.9 million businesses
10 to 19 employees: ~809,000 businesses
20 to 49 employees: ~409,000 businesses
50 to 99 employees: ~151,000 businesses
100 to 249 employees: ~89,000 businesses
250 to 499 employees: ~33,000 businesses
500 to 999 employees: ~19,000 businesses
1,000+ employees: ~24,300 businesses

U.S. Business Distribution by Annual Sales Revenue

Under $500k: ~13.9 million businesses
$500k " $999k: ~792,000 businesses
$1M " $2.4M: ~546,000 businesses
$2.5M " $4.9M: ~222,000 businesses
$5M " $9.9M: ~144,000 businesses
$10M " $99M: ~176,000 businesses
$100M " $499M: ~23,600 businesses
$500M " $999M: ~4,000 businesses
$1B+: ~5,100 businesses

#17 | Posted by sitzkrieg at 2026-10-09 03:03 PM | Reply

"99.9 percent of businesses are small."

That doesn't mean they're incorporated.

There's a difference between incorporated and unincorporated.

#18 | Posted by Danforth at 2026-10-09 03:11 PM | Reply

"99.9% of all businesses in the US are incorporated"

False.

#19 | Posted by Danforth at 2026-10-09 03:14 PM | Reply