Tariff-driven inflation will continue for some time, likely into spring (of 2026, given video publish date), with modest increases (a tenth or so on inflation, or 2-4 tenths on 2.8% inflation), then plateau as tariffs are fully implemented, leading to a one-time price increase rather than ongoing inflation.
"So the the basic expectation is that there will be some additional increase inflation because it takes a while for tariffs to work their way through the through the production chain and finally get to consumers. ... So that'll continue to happen for some time, probably into the spring. These are not big increases, though. These are a tenth or so on inflation. ... But then as as all the tariffs are in, they stop generating inflation. You've had a one-time price increase. As long as you're not, at least this is this is the theory. This is how we believe and hope that it will work out. Once the once the last tariff is is put on something at that point, it becomes it becomes a higher price level, but it's it stops going up, if you will. Prices stop going up. They'll just be at that level. And then measured inflation will come back down to non-tariff inflation."
