Tariff-Driven Price Increases Taking Hold, With More Hikes on the Cards, Oppenheimer Study Shows
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Retail price increases linked to tariffs from the Trump administration are becoming more prevalent, with 34% of tracked products seeing price hikes this month, up from 28% in August. The average price increase is now 16%. Oppenheimer notes that management discussions indicate ongoing tariff-driven adjustments. The US Supreme Court is set to hear arguments regarding the legality of these tariffs. Consumer inflation has accelerated, while producer prices fell unexpectedly. Notable price adjustments were seen at Best Buy, while Home Depot and Lowe's held prices steady on certain products.
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