Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

1. Tariffs have led to higher consumer prices ahead of the holiday season. 2. Inflation is projected at 2.9%, partly due to tariffs on imported goods. 3. Consumers are absorbing 50%-70% of tariff costs, impacting their spending behavior. 4. Significant price increases in everyday items could affect consumer confidence. 5. Holiday spending is expected to be strained by increasing costs this season.