Trumpflation’s Hidden Cost: New Fed Data Shows Consumer Goods Prices Would Have Fallen Without Tariffs

New York Fed research finds tariffs added 2.9 percentage points to goods inflation. Eric Bleeker breaks down how the cost reached your receipt, why prices stay high as inflation eases, and what to watch next.

Published October 29, 2026, 2:12pm ET · 1 min read

Eric Bleeker

Eric Bleeker, CFA has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.

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