The Real Cost of Tariffs: Delayed, Not Denied In the aftermath of Trump-era tariffs, the mainstream narrative was that inflation remained “surprisingly muted.” But that spin is unraveling in early 2026, as companies—especially in manufacturing, electronics, and home goods—begin passing the costs they previously absorbed directly onto consumers. This delayed wave of price increases is now becoming the clearest evidence yet that the Tariff Inflation Timebomb has finally detonated. The Adobe Digital Price Index, which tracks online price movements, just logged its sharpest monthly rise in 12 years—a spike even larger than what we saw during the inflation shock of 2022. UBS economists believe this marks a wave of tariff pass-through pricing finally hitting the public. Why January is Always…
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