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  <title>Are Higher Tariffs Leading to Higher Inflation?</title>
  <description>Zach Edwards and Felipe Schwartzman share what they have learned about how much businesses have been passing along higher prices for their inputs — especially due to higher tariffs in 2025 — to the prices they charge their customers. They also discuss how this cost pass-through could affect overall inflation. Edwards is a research analyst and Schwartzman is a senior economist, both at the Federal Reserve Bank of Richmond. Full transcript and related links:  https://www.richmondfed.org/podcasts/speaking_of_the_economy/2025/speaking_2025_08_20_tariffs_inflation </description>
  <author_name>Speaking of the Economy</author_name>
  <author_url>https://www.richmondfed.org/podcasts/speaking_of_the_economy</author_url>
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