Inflation: NY, NJ businesses anticipate costs to rise in 2025

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Thu, Mar 6, 2025, 5:00 AM

Expectations for business costs in New York and New Jersey were recently surveyed, shedding light on inflation's future path. Yahoo Finance host Julie Hyman joins Asking for a Trend host Josh Lipton to discuss the Federal Reserve Bank of New York's findings.

The survey shows cost increases may re-accelerate in 2025, with services firms expecting a 5.7% rise and manufacturing 7.3%. Additionally, businesses anticipate price hikes as tariffs on imported goods remain a key factor.

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This post was written by Josh Lynch