Figure A2

Trump tariffs have nothing to do with current inflationary spike

Category Annualized change
0
Pre-Trump tariffs 2.30%
With tariffs, before pandemic 2.00%
Pandemic  50.00%
0
Pre-Trump tariffs 10.20%
With tariffs, before pandemic -3.80%
Pandemic  90.20%
0
Pre-Trump tariffs 9.90%
With tariffs, before pandemic 0.70%
Pandemic  64.20%
0
Pre-Trump tariffs 3.80%
With tariffs, before pandemic 0.70%
Pandemic  58.30%
0
Pre-Trump tariffs 0.8%
With tariffs, before pandemic 2.0%
Pandemic  50.3%
0
Pre-Trump tariffs 1.1%
With tariffs, before pandemic 0.7%
Pandemic  47.7%
0
Pre-Trump tariffs 2.1%
With tariffs, before pandemic 4.7%
Pandemic  54.8%
0
Pre-Trump tariffs 12.7%
With tariffs, before pandemic -0.5%
Pandemic  71.7%
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Source: EPI analysis of  Bureau of Labor Statistics Occupational Employment Statistics data for OES codes 492022, 499052, and 492021, and Bureau of Labor Statistics Labor Costs and Productivity data for U.S. Nonfarm Economy by Sector–Employees Only. Wages are adjusted for inflation using the CPI-U-RS.

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