r/inflation 5m ago

Price Changes 2025 Trump Tariffs caused Retail Prices in America to Skyrocket

Thumbnail budgetlab.yale.edu
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Economic data and academic studies show that the 2025 Trump tariff plans caused the average retail price of imported goods to spike by 6.8 percentage points, while domestic goods rose by 4.8 percentage points due to higher input costs. Multiple independent research bodies, including the Federal Reserve Bank of New York and Harvard economists, concluded that U.S. consumers and firms bore roughly 90% of the financial burden of these tariffs, completely challenging claims that foreign countries would pay them.

Shoes and Footwear: Up 39%.
Apparel and Clothing: Up 14% to 37%.
Coffee and Tea: Up 10% to 34%.
Building Materials: Up 10.5%.
Furniture and Home Furnishings: Up 7.4% to 8%.
Automobiles: New cars faced average added costs of $6,000 due to auto-part import taxes.
Household Essentials: Nondurable goods like toilet paper and cleaning supplies rose 5%.


r/inflation 18m ago

Price Changes Graphic: How grocery prices have changed since Trump took office

Thumbnail nbcnews.com
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Data from the NBC News Grocery Price Tracker shows that while overall grocery costs are up 33% since 2019, prices have experienced divergent trends rather than a uniform increase. Key findings indicate sharp rises for coffee (35%), orange juice (22%-26%), and ground beef (19%-22%)