Report
The Impact of Tariffs on Inflation
Abstract: This brief introduces a new methodology that quantifies how price increases at the border transmit to US consumers. The methodology allows the authors to determine the share of US consumption that would be subject to such increases and to break them down into different country and industry sources. Among other applications, the methodology enables the authors to compute the effects of various tariff plans on consumer price inflation, as tariffs effectively increase the border prices of imported goods.
JEL Classification: F40; E65; E31;
Access Documents
File(s):
File format is text/html
https://www.bostonfed.org/publications/current-policy-perspectives/2025/the-impact-of-tariffs-on-inflation.aspx
Description: Summary
File(s):
File format is application/pdf
https://www.bostonfed.org/-/media/Documents/Workingpapers/PDF/2025/cpp20250206.pdf
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Boston
Part of Series: Current Policy Perspectives
Publication Date: 2025-02-06
Number: 25-2