Companies could start raising prices due to Trump's tariffs this year

Businesses that absorbed tariff costs last year might raise prices in early 2026. This potential price increase could be a delayed consequence of the tariffs. January is typically a month for price adjustments, potentially amplifying tariff-related hikes. Adobe's Digital Price Index saw a record monthly increase, suggesting rising costs. UBS economists noted this increase could signal greater tariff pass-through. Although the data can fluctuate, other indicators support the trend. The Institute for Supply Management's manufacturing survey showed rising prices in January. Federal Reserve reports indicate planned price increases across various sectors. The Richmond Fed president noted price-setting debates within companies. Experts like James Knightley suggest delayed tariff-driven price increases are possible. These costs could eventually be passed onto consumers.