President Trump's tariffs could raise the cost of some of the most popular imports in American grocery aisles, from coffee and olive oil to wine, matcha and spices.
After the "Liberation Day" tariffs kicked in worldwide in early August, businesses and consumers alike are watching closely for when — and how much — prices tick up.
Inflation data released Tuesday did not show an overall increase in food prices, but economists say that's likely to change as businesses pass more costs on to consumers. Wholesale prices surged 0.9 percent last month, the biggest monthly jump since June 2022 and a sign that inflation may not be cooling off just yet.
“Many of us anticipated ahead of time that you might see some faster movement in groceries, partly because you can’t stockpile stuff right in the s